Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition

Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge – marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58 […] © 2024 TechCrunch. All rights reserved. For personal use only.