Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Stripe acquires stablecoin platform Bridge for $1.1 billion in crypto's largest acquisition: TechCrunch founder

Stripe acquires stablecoin platform Bridge for $1.1 billion in crypto's largest acquisition: TechCrunch founder

The Block2024/10/19 16:00
By: The Block
SOL-1.93%MATIC0.00%ETH-1.88%
Quick Take Payments company Stripe has acquired stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington. Stripe’s largest acquisition to date, and the largest acquisition in the crypto industry’s history, Bridge had raised $58 million from investors and was previously valued at $200 million. Bridge offers software that helps businesses accept payments in stablecoins and signals an expansion of Stripe’s crypto adoption efforts.
Stripe acquires stablecoin platform Bridge for $1.1 billion in crypto's largest acquisition: TechCrunch founder image 0

Fintech company Stripe has finalized its largest acquisition to date, snapping up stablecoin platform Bridge in a deal valued at $1.1 billion, according to a post on X from TechCrunch founder Michael Arrington. 

Bridge, founded by entrepreneurs Sean Yu and Zach Abrams (no relation to this reporter), provides software tools that help companies accept payments in stablecoins. The founders had previously sold a Venmo competitor called Evenly to Block in 2013; Abrams is also a former senior Coinbase employee. 

Bridge had previously raised $58 million from investors, including a $40 million Series A round that valued the company at $200 million, according to Forbes . The $1.1 billion price tag therefore represents a large jump from the company's prior valuation, and Stripe's largest acquisition in its corporate history. 

Stripe, which was last valued at $70 billion, reinstated crypto payments for US businesses via USDC on Ethereum, Solana and Polygon earlier this month, The Block previously reported . Stripe also inked a partnership with Coinbase in June which saw the startup incorporate Coinbase's Base Layer 2 network into its crypto payment products, while Coinbase pledged to add Stripe as a way for its customers to buy crypto within its Coinbase Wallet. 

The $1.1 billion purchase represents the crypto industry's largest acquisition deal to date. 


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — AVNT/USDT!
Bitget Announcement2025/09/15 09:50

Trending news

More
1
New spot margin trading pair — AVNT/USDT!
2
Crypto Loan Carnival round 24: Borrow USDT, USDC to enjoy an APR discount of up to 40%

Crypto prices

More
Bitcoin
Bitcoin
BTC
$114,921.64
-1.02%
Ethereum
Ethereum
ETH
$4,514.07
-3.22%
XRP
XRP
XRP
$2.97
-3.66%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$917.05
-2.25%
Solana
Solana
SOL
$234.74
-5.10%
USDC
USDC
USDC
$0.9997
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2622
-9.35%
TRON
TRON
TRX
$0.3459
-1.25%
Cardano
Cardano
ADA
$0.8582
-6.35%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter