Stripe, a payment processing company, is reportedly discussing the acquisition of stablecoin platform Bridge, as per undisclosed sources familiar with the matter. The deal, as reported by Bloomberg, is still pending finalization, with the possibility of either party backing out. This move by Stripe aligns with its re-entry into the digital asset sector after a six-year hiatus from crypto payment services. Earlier this year, Stripe's co-founder, John Collison, announced the company's return to stablecoin services, emphasizing instant settlement and automatic fiat conversion. The collaboration between Stripe and Coinbase in June 2024 facilitated fiat-to-crypto transactions with swift settlement times and reduced costs. Stripe's recent integration of Circle's USDC stablecoin on its payment interface attracted users from over 70 countries, addressing the demand for efficient cross-border transactions. Additionally, Paxos introduced a stablecoin payment platform targeting payment service providers, with Stripe being the first to integrate the Paxos API. This development signifies a shift towards seamless and cost-effective stablecoin transactions for global users. Read more AI-generated news on: https://app.chaingpt.org/news