Cryptocurrencies
Stripe Confirms Plans to Acquire Stablecoin Platform Bridge
- Bridge helps businesses issue and accept stablecoins
- Stripe agreed to pay $1.1 billion for the crypto startup
Patrick Collison
Photographer: Alex Flynn/BloombergThis article is for subscribers only.
Stripe Inc. co-founder and Chief Executive Officer Patrick Collison confirmed in a X post on Monday that the payments company plans to buy stablecoin startup Bridge.
The deal, first reported by Bloomberg News on Oct. 16, is still subject to regulatory approvals and closing conditions. The parties expect to complete the transaction in coming months, according to a separate post from Bridge’s X account.