PANews reported on October 21 that according to Michael Arrington, founder of TechCrunch, payment company Stripe acquired the stablecoin payment platform Bridge for $1.1 billion, marking the largest acquisition in the crypto industry to date. Bridge previously received $58 million in financing and was valued at $200 million. Founded by Sean Yu and Zach Abrams, the platform provides companies with software tools to accept stablecoin payments. Stripe's acquisition also represents the largest deal in its history, showing the company's expansion in the crypto payment field. Previously, Stripe restored the ability to use USDC for crypto payments in the United States and worked with Coinbase to integrate its Base Layer 2 network.