Stripe acquires stablecoin platform Bridge for $1.1 billion, bringing back USDC payments support on Ethereum, Solana, and Polygon 🚀

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Fintech giant Stripe has acquired stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington. This marks Stripe's largest deal and the most valuable acquisition in the cryptocurrency industry to date.

Bridge, founded by entrepreneurs Sean Yu and Zach Abrams, provides software solutions for processing stablecoin payments for businesses. The deal has been a significant success for Bridge investors, considering the company was valued at only $200 million in its Series A round.

The acquisition coincides with Stripe's expansion into the cryptocurrency services market. Earlier this month, the company reintroduced support for cryptocurrency payments for businesses in the U.S., enabling transactions in USDC on the Ethereum, Solana, and Polygon blockchains.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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