Stripe has completed its $1.1 billion acquisition of stablecoin platform Bridge, marking its largest acquisition and significant expansion into the crypto sector. Founded in 2022 by alumni of Coinbase and Square, Bridge offers an API for stablecoin transactions, quickly gaining traction in the market. Stripe's co-founder, Patrick Collison, emphasized the rapid growth of stablecoin adoption, suggesting a promising future for companies moving money programmatically. With earlier steps like enabling crypto purchases in the EU and launching a stablecoin acceptance feature, this acquisition cements Stripe's commitment to the crypto landscape.
In the coming years, everyone programmatically moving money will likely want a stablecoin strategy.
We expected Bridge to grow very quickly, and we're nevertheless shocked at just how rapidly adoption is exploding.
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