PANews reported on October 17 that according to Bloomberg, people familiar with the matter revealed that payment company Stripe Inc. is in in-depth negotiations to acquire the fintech platform Bridge. No final decision has been made yet, and either party may still withdraw from the transaction. The Bridge 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, it was reported that Bridge had raised a total of US$58 million in funds, with investors including Sequoia, Ribbit Capital, Index and Haun Ventures. Sequoia Capital led Bridge's latest round of financing, a US$40 million Series A financing.
