ChainCatcher reported that according to Bloomberg, payment company Stripe Inc. is in advanced negotiations to acquire fintech platform Bridge.

Stripe has been in talks to acquire the company, but no final decision has been made and either party could still back out of the deal, according to people familiar with the matter.

A Stripe representative declined to comment. Bridge CEO Zach Abrams did not respond to multiple emails seeking comment.

Bridge’s platform is designed to allow businesses to create, store, send and receive stablecoins such as Tether’s USDT and Circle’s UDSC. As Fortune reported in August, the startup has raised a total of $58 million from investors including Sequoia, Ribbit Capital, Index and Haun Ventures.

Sequoia led Bridge’s recent $40 million Series A funding round, and at the time also highlighted the market opportunity for stablecoins, which was created in part by initiatives by companies like Stripe.