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Stripe is in talks to acquire stablecoin platform Bridge for $1 billion, it said Forbes. The talks have reportedly reached advanced stages, although nothing has been finalized.
Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps businesses accept stablecoins. The pair has raised $58 million from investors like Index Ventures and Sequoia Capital, according to PitchBook. If the deal with Stripe goes through, it would be a big jump from Bridge’s $200 million valuation, as well as being Stripe’s largest acquisition to date.
Stripe has made it clear that cryptocurrencies are a big priority for the company. In JulyIt has enabled cryptocurrency purchases in the EU, and earlier this month, Stripe announced a cryptocurrency payment feature that allows merchants to accept stablecoins.
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