Stripe in advanced talks to acquire stablecoin-focused fintech firm Bridge
On October 17th, Bloomberg reported that payment company Stripe Inc. is in deep negotiations to acquire financial technology platform Bridge. No final decision has been made yet and either party could still withdraw from the deal.
Bridge's platform is designed to allow companies to create, store, send, and receive stablecoins such as Tether's USDT and Circle's UDSC. According to Fortune magazine's report in August of this year, the startup has raised a total of $58 million in funding, with investors including Sequoia, Ribbit Capital, Index, and Haun Ventures.
Sequoia led Bridge's recent $40 million Series A funding round, emphasizing the market opportunity for stablecoins, which was to some extent created by initiatives from companies such as Stripe.
Neither party has responded to this matter at this time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Lawsuit: Is Ripple Postponing Settlement to Prep for IPO?

Bitcoin ETFs See $83M Inflow, Ethereum Faces Outflows
Bitcoin spot ETFs gained $83M in inflows for 6 days straight, while Ethereum ETFs saw 13 days of outflows.Ethereum ETFs See Continued OutflowsShifting Investor Sentiment Between BTC and ETH

South Korea’s Crypto Investors Surge Past 9.6M in 2024
South Korea's crypto investors hit 9.66 million in 2024, with 50+ age group dominating high-value holdings.Wealthy Individuals Lead the Crypto BoomFuture Outlook for South Korea’s Crypto Market

Bernstein Slashes 2025 Outlook for BTC Miners
Bernstein cuts 2025 price targets for Bitcoin miners IREN, CleanSpark, and Riot, citing weak performance and AI-driven investor shift.AI and High-Performance Computing Steal the SpotlightOutlook for Bitcoin Miners in 2025

Trending news
MoreCrypto prices
More








