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Stripe is in talks to acquire stablecoin platform Bridge for a whopping $ 1 billion , agree toForbes . The talks are reportedly in forward-looking level , although nothing has been finalise .
Bridge , co - founded by Coinbase alumna Zach Abrams and Sean Yu , has built an API that help companies accept stablecoins . The brace elicit $ 58 million from investors like Index Ventures and Sequoia Capital , according to PitchBook . If the deal with Stripe buy the farm through , it would be a huge parachuting from Bridge ’s $ 200 million valuation , as well as being Stripe ’s largest acquisition to date .
band has made it clear that crypto is a huge anteriority for the troupe . In July , it enabled crypto purchases in the EU , and earlier this calendar month , Stripe announced a Pay with Crypto feature of speech that lets merchandiser accept stablecoins .
