Wu said that according to Bloomberg, payment company Stripe Inc. is in advanced negotiations to acquire fintech platform Bridge. No final decision has been made yet, and either party may still withdraw from the transaction. Bridge's platform is designed to allow companies to create, store, send and accept stablecoins such as Tether's USDT and Circle's UDSC. In August this year, the startup raised a total of US$58 million from investors including Sequoia, Ribbit Capital, Index and Haun Ventures.