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Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal

October 22, 2024

Stripe, a leading US payments company, is reportedly in advanced discussions to acquire Bridge, a stablecoin infrastructure start-up, in a deal potentially valued at $1 billion.
Neither Stripe nor Bridge have officially confirmed the negotiations, and the deal may not ultimately proceed.
Bridge, launched in 2022, offers:
- An orchestration API for companies to store, move, and accept stablecoins.
- An issuance API for businesses to create their own stablecoin.
The company was founded by Zach Abrams and Sean Yu, both former employees of Coinbase. They previously launched the Evenly payments platform, acquired by Square.
Bridge has raised $58 million to date, with notable backers including Sequoia Capital, Ribbit Capital, Index Ventures, Haun Ventures, and Bedrock.
This acquisition would align with Stripe’s strategy to expand its digital asset capabilities, following its plans to introduce stablecoin payments and an embeddable fiat-to-crypto onramp in 2023.