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Stripe is in advanced talks to acquire stablecoin platform Bridge for $1 billion, marking its biggest potential crypto move yet, Forbes reports.
What's the scoop?
- Bridge’s Platform: Bridge, co-founded by
Coinbase alumni, raised $58 million and provides an API for companies to accept stablecoins. - Valuation Jump: The deal would elevate Bridge’s valuation from $200 million to $1 billion.
- Stripe’s Crypto Push: Stripe has prioritized crypto, rolling out crypto purchases in the EU and a Pay with Crypto feature for stablecoins.
Bankless Take:
This potential acquisition makes it look like the fintech darling is back with a vengeance, especially after recently reenabling its stablecoin features. With a $1B deal, Stripe could further solidify its position in the stablecoin payments space, which is gaining traction quickly, with tokenization right alongside it. The deal also highlights the broader trend of large financial players expanding their crypto operations, a trend likely to accelerate if regulatory clarity continues to improve in the stablecoin sector.
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