Stripe ended with a $1.1 billion purchase of Stablecoin Platform Bridge. This marks a tangible push to crypto as the biggest payments ever acquired and the biggest.
Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio and Texas-based Bridge co-founded in 2022 to build an API to help businesses embrace stubcoin. According to Pitchbook, the pair raised $58 million from investors such as Index Ventures and Sequoia Capital. When it raised a $40 million Series A in 2024, it was valued at $200 million.
With this acquisition, Stripe clearly has a big bet on the code.
In a February 5th post on X, Stripe co-founder and CEO Patrick Collison wrote: Money that everyone will move programmatically over the next few years is probably hoping for a Stablecoin strategy. ”
Last July, Stripe made crypto purchases possible in the EU, and in October Fintech announced a salary with Crypto functionality that allows merchants to accept Stablecoins.
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