Stripe aims to boost stablecoin integration via its potential $1B acquisition of Bridge.
Bridge’s API tech enhances Stripe’s crypto payments, aligning with its stablecoin ambitions.
Stablecoins offer Stripe instant settlement and low fees, key to its broad expansion system.
Stripe is reportedly in the final stages of negotiations to acquire Bridge for $1 billion. Sources close to the matter say that while the deal is not yet finalized, the acquisition would be Stripe’s largest to date, furthering its efforts to include stablecoin payments on its platform.
Scoop: Stripe is in talks to acquire crypto startup Bridge for $1 billion, sources tell @DavidJeans2 and me in @Forbes.
The deal would likely be the fintech unicorn's largest acquisition to date, as it makes a stablecoin payments push.
https://t.co/XrwvWF4P6g
— Alex Konrad (@alexrkonrad) October 17, 2024
Stripe has been busy adding stablecoins to its payment services, cementing its position at the forefront of crypto adoption in the fintech industry. Earlier this month, Stripe launched a “Pay with Crypto” feature that allows merchants to accept stablecoins at a 1.5% transaction fee.
Stripe Pr…
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