On October 17, Bloomberg reported, citing people familiar with the matter, that payment company Stripe Inc. is in in-depth negotiations to acquire fintech platform Bridge. No final decision has been made yet, and either party may still withdraw from the transaction. It is reported that Bridge's platform is designed to allow companies to create, store, send and accept stablecoins such as Tether's USDT and Circle's UDSC. According to Fortune magazine in August this year, the startup raised a total of US$58 million, with investors including Sequoia, Ribbit Capital, Index and Haun Ventures. Sequoia led Bridge's recent US$40 million Series A round of financing, and at the time also emphasized the market opportunities for stablecoins, which were created in part by the initiatives of companies such as Stripe. Neither party has responded to this matter yet. Sequoia led Bridge's recent US$40 million Series A round of financing, and at the time also emphasized the market opportunities for stablecoins, which were created in part by the initiatives of companies such as Stripe. Neither party has responded to this matter yet.

#USDT #USDC