{"id":39904,"date":"2024-10-21T08:08:08","date_gmt":"2024-10-21T08:08:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion\/"},"modified":"2024-10-21T08:08:08","modified_gmt":"2024-10-21T08:08:08","slug":"stripe-acquires-stablecoin-platform-bridge-for-1-1-billion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion\/","title":{"rendered":"Stripe acquires stablecoin platform Bridge for $1.1 billion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1647022880578-40b1fe99-4e52-44dc-8863-c5ec2fbd1bf7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1647022880578-40b1fe99-4e52-44dc-8863-c5ec2fbd1bf7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1647022880578-40b1fe99-4e52-44dc-8863-c5ec2fbd1bf7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1647022880578-40b1fe99-4e52-44dc-8863-c5ec2fbd1bf7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge.<\/li>\n<li>The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024.<\/li>\n<\/ul>\n<p>Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins.<\/p>\n<p>According to TechCrunch founder Michael Arrington, Stripe\u2019s deal for Bridge is valued at $1.1 billion and is the fintech company\u2019s largest to date. The TechCrunch founder <a href=\"https:\/\/x.com\/arrington\/status\/1848060479727435967\" target=\"_blank\" rel=\"noopener\">shared<\/a> the news via X.<\/p>\n<p>Stripe\u2019s acquisition of Bridge comes after reports of talks for a deal surfaced last week. This also comes after Stripe, which has recently increased its visibility in the crypto space with recent deals such as TaxJar and Lemon Squeezy, unveiled its latest crypto-focused feature.<\/p>\n<p>The \u2018Pay with Crypto\u2019 feature, which <a href=\"https:\/\/coinjournal.net\/news\/stripe-partners-with-paxos-to-launch-stablecoin-payments-platform\/\">integrates Paxos<\/a>, allows companies to add stablecoins to their checkout systems. It\u2019s a step that has also seen several other platforms partner to bring stablecoin payments to more businesses.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stripe partners with Paxos to launch stablecoin payments platform <a href=\"https:\/\/t.co\/4Zp4Ya4JmN\">https:\/\/t.co\/4Zp4Ya4JmN<\/a><\/p>\n<p>\u2014 CoinJournal (@CoinJournal) <a href=\"https:\/\/twitter.com\/CoinJournal\/status\/1846257479044276670?ref_src=twsrc%5Etfw\">October 15, 2024<\/a><\/p>\n<\/blockquote>\n<p>Stripe had previously halted crypto payments in 2018 before making a reentry in April 2024. Stripe also partnered with Coinbase to integrate Base, a layer-2 network, in June. In July, the fintech expanded its crypto product to the European Union.<\/p>\n<p>The most recent milestone saw Stripe re-introduce crypto payments with USDC on Ethereum, Solana and Polygon.<\/p>\n<p>Meanwhile, entrepreneurs Sean Yu and Zach Abrams unveiled Bridge in 2022. The platform raised $58 million from venture capital investors, with $40 million secured during a Series A round at a valuation of $200 million.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge. The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024. Stripe has completed the acquisition of Bridge, a stablecoin platform that [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":39905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39904"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39904"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39905"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}