Payments company Stripe has acquired stablecoin platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington. Bridge provides software that helps businesses accept stablecoin payments, which also marks an expansion of Stripe's cryptocurrency adoption efforts. Bridge previously raised $58 million from investors, including a $40 million Series A round that valued the company at $200 million. Therefore, the $1.1 billion price tag is a significant increase from the company's previous valuation, and Bridge is Stripe's largest acquisition to date and the largest acquisition in the history of the crypto industry. (The Block)