Stripe Negotiates $1 Billion Acquisition of Bridge

Stripe Negotiates $1 Billion Acquisition of Bridge
Stripe is reportedly in advanced talks to acquire Bridge, a stablecoin platform, for $1 billion, as confirmed by Forbes. Founded by Coinbase alumni, Bridge has developed an API that facilitates stablecoin acceptance for businesses. The startup previously raised $58 million from prominent investors including Index Ventures and Sequoia Capital. This potential acquisition would mark a significant increase from Bridge's current $200 million valuation and would be Stripe's largest acquisition to date. Stripe's commitment to crypto is evident, having recently introduced features enabling stablecoin transactions.