Odaily Planet Daily reported that TechCrunch founder Michael Arrington revealed on the X platform that payment giant Stripe acquired the stablecoin platform Bridge for a staggering $1.1 billion! 🎉 This is Stripe's largest acquisition ever and the largest deal in the history of the crypto industry. Bridge had previously raised $58 million, including a $40 million Series A round at a valuation of $200 million.

Founded by entrepreneurs Sean Yu and Zach Abrams, Bridge focuses on providing software tools to help businesses accept stablecoin payments. It is worth mentioning that the two founders previously sold Venmo's competitor Evenly to Block in 2013; at the same time, Abrams was also a former senior employee of Coinbase.

This acquisition marks another important milestone in the crypto industry. Although the overall market performance is neutral, the outlook for Bitcoin remains optimistic. 🚀