{"id":17945,"date":"2024-10-21T15:51:26","date_gmt":"2024-10-21T12:51:26","guid":{"rendered":"https:\/\/forklog.com\/en\/stripe-acquires-bridge-for-1-1-billion\/"},"modified":"2024-10-21T15:51:26","modified_gmt":"2024-10-21T12:51:26","slug":"stripe-acquires-bridge-for-1-1-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stripe-acquires-bridge-for-1-1-billion\/","title":{"rendered":"Stripe Acquires Bridge for $1.1 Billion"},"content":{"rendered":"<p>Payment service Stripe has acquired the Web3 company Bridge for $1.1 billion, as announced by TechCrunch founder Michael Arrington.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This deal is done. $1.1b <a href=\"https:\/\/t.co\/J7ppK4uHw0\">https:\/\/t.co\/J7ppK4uHw0<\/a><\/p>\n<p>\u2014 Michael Arrington ?\u200d\u2620\ufe0f (@arrington) <a href=\"https:\/\/twitter.com\/arrington\/status\/1848060479727435967?ref_src=twsrc%5Etfw\">October 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The acquisition will enable Stripe to leverage Bridge&#8217;s expertise in seamless cross-border payments in USDT and USDC, providing the fintech company with a competitive edge in the stablecoin market.<\/p>\n<p>Bridge specializes in seamless connections between traditional financial institutions (TradFi) and DeFi platforms. In August, it raised $40 million in its latest Series A funding round from major investors, including Sequoia, Ribbit Capital, Index Ventures, and Haun Ventures, bringing the total investment to $58 million.<\/p>\n<p>Qiao Wang, founder of Alliance DAO, commented on the deal, stating that stablecoin startups have entered a new phase of development with the involvement of major investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">the $1b acquisition of bridge by stripe signals to vcs that stablecoin startups which were previously underfunded due to lack of early token liquidity now have a more clear path towards big exits. expect more funding and more entrepreneurs building around stablecoins<\/p>\n<p>\u2014 qw (@QwQiao) <a href=\"https:\/\/twitter.com\/QwQiao\/status\/1848126108522217575?ref_src=twsrc%5Etfw\">October 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cExpect more funding and more entrepreneurs building around stablecoins,\u201d he wrote.<\/p>\n<\/blockquote>\n<p>In July 2024, Stripe <a href=\"https:\/\/forklog.com\/en\/news\/stripe-enables-cryptocurrency-purchases-in-the-eu\">introduced the ability<\/a> to purchase Bitcoin, Ethereum, and Solana in the EU.<\/p>\n<p>In September, the service allowed USDC and USDP stablecoins as a payment option at checkout.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payment service Stripe has acquired the Web3 company Bridge for $1.1 billion, as announced by TechCrunch founder Michael Arrington. This deal is done. $1.1b https:\/\/t.co\/J7ppK4uHw0 \u2014 Michael Arrington ?\u200d\u2620\ufe0f (@arrington) October 20, 2024 The acquisition will enable Stripe to leverage Bridge&#8217;s expertise in seamless cross-border payments in USDT and USDC, providing the fintech company with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1519],"class_list":["post-17945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-stripe"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17945"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17944"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}