Stripe acquires stablecoin platform Bridge for 1.1 billion dollars

According to TechCrunch founder Michael Arrington, payment company Stripe has acquired stablecoin platform Bridge for $1.1 billion. This is Stripe's largest acquisition to date and the biggest in the history of the crypto industry. Bridge had previously raised $58 million from investors and was valued at $200 million. The software provided by Bridge helps businesses accept stablecoin payments, marking an expansion of Stripe's work in adopting cryptocurrency.