Stripe is currently in advanced talks to acquire the stablecoin platform Bridge for approximately $1 billion, which signifies a considerable leap from Bridge's current valuation.
If the acquisition goes through, it will mark a significant milestone as Stripe's largest acquisition to date while simultaneously highlighting the company's serious commitment to the crypto space.
Bridge has developed an API that facilitates stablecoin transactions for businesses, further underlining the growing intersection of traditional finance and cryptocurrency, especially with backing from notable investors like Index Ventures.
This potential move by Stripe reflects its ongoing strategy to embrace crypto, having recently launched capabilities for crypto purchases in Europe and introduced a feature for merchants to accept stablecoins.
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