Stripe in talks to acquire Bridge for $1 billion

Stripe is negotiating to acquire Bridge for $1 billion.

: Stripe is in advanced discussions to acquire Bridge, a stablecoin platform co-founded by Coinbase alumni Zach Abrams and Sean Yu, for $1 billion. Bridge has raised $58 million from Index Ventures and Sequoia Capital, and its current valuation is $200 million. If successful, this deal would be Stripe's largest acquisition and aligns with its focus on expanding crypto offerings.

Stripe is engaged in advanced talks to acquire Bridge, a stablecoin platform, for $1 billion, according to Forbes. Despite the advanced stages of negotiation, the deal has not been finalized.

Bridge was co-founded by Coinbase alumni Zach Abrams and Sean Yu, developing an API aimed at helping companies accept stablecoins. The startup has raised $58 million from investors, including Index Ventures and Sequoia Capital, with a current valuation of $200 million.

A successful acquisition by Stripe would not only surpass Bridge's current valuation but also become Stripe's largest acquisition. This aligns with Stripe’s increasing focus on cryptocurrencies, as demonstrated by its recent introduction of crypto payments in the EU and the Pay with Crypto feature.

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