Stripe acquires stablecoin platform Bridge for $1.1bn, its largest acquisition, amidst crypto sector growth.

Fintech company Stripe has acquired the stablecoin platform Bridge for $1.1 billion, marking its largest acquisition and a significant move in the cryptocurrency sector. This follows Stripe's announcement to support stablecoin payments and a partnership with Coinbase for crypto payouts. Stripe's valuation has risen to $70 billion, bolstered by investment from Sequoia, and the acquisition is expected to enhance this valuation further.

October 20, 2024
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