Tuesday, June 24, 2025
18.4 C
London
HomeBankingStripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential...

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

Date:

Fundbox Acquihires Vaya Founders: Strategic Move to Enhance Financial Technology Solutions

Exploring Fundbox's Acquisition Strategy and the Impact of Vaya's...

Fiserv Unveils Innovative Stablecoin Solutions for Banks

Revolutionizing Banking with Secure and Efficient Digital Currency OptionsHighlights:...

Stackup Raises $42M to Streamline Operations for Crypto Firms

The crypto-focused infrastructure startup secures Series A funding to...
  • 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.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories