Stripe acquires stablecoin platform Bridge for $1.1 billion

Payments giant Stripe has acquired stablecoin platform Bridge for a total amount of $1.1 billion, more than 5x its $200 million valuation, according to an Oct. 21 annnouncement. The acquisition is part of Stripe’s plan to enter the stablecoin market. The announcement said the firms will focus on growing the adoption of stablecoins to make […] The post Stripe acquires stablecoin platform Bridge for $1.1 billion appeared first on CryptoSlate.