# Stripe in talks to acquire Bridge for $1 billion

Source: https://techcrunch.com/2024/10/17/stripe-in-talks-to-acquire-bridge-for-1-billion
Kiwi News: https://news.kiwistand.com/stories/Stripe-in-talks-to-acquire-Bridge-for-dollar1-billion?index=0x67154bf5edb93612087f3e88c31185c5722d3e98acee4095d8f9b9b53474e919c4a0bfdf
Submitted by ayomide.eth on 2024-10-20 UTC, 7 upvotes, 1 comment

## Summary

Stripe is reportedly in advanced talks to acquire stablecoin platform Bridge for $1 billion, according to Forbes, though nothing has been finalized. Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, offers an API that helps companies accept stablecoins and raised $58 million from investors including Index Ventures and Sequoia Capital, according to PitchBook. The article says the deal would be a large jump from Bridge's $200 million valuation and would be Stripe's largest acquisition to date. It also notes that Stripe has prioritized crypto, enabling crypto purchases in the EU in July and announcing a Pay with Crypto feature earlier this month that lets merchants accept stablecoins.

## Article

Stripe is in talks to acquire stablecoin platform Bridge for a whopping $1 billion, according to Forbes. The talks are reportedly in advanced stages, although nothing has been finalized.

Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has built an API that helps companies accept stablecoins. The pair 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 huge jump from Bridge’s $200 million valuation, as well as being Stripe’s largest acquisition to date.

Stripe has made it clear that crypto is a huge priority for the company. In July, it enabled crypto purchases in the EU, and earlier this month, Stripe announced a Pay with Crypto feature that lets merchants accept stablecoins.

## Comments

**web3surge.eth**: More real world business leaning toward crypto. it will allien soon.