According to Foresight News, TechCrunch reported that payment company Stripe acquired the stablecoin platform Bridge for $1.1 billion. Previously, Stripe was valued at $70 billion and earlier this month resumed cryptocurrency payments for U.S. companies through USDC on Ethereum, Solana, and Polygon.

Foresight News previously reported that Bloomberg, citing people familiar with the matter, reported that payment company Stripe is in talks to acquire Bridge, a fintech platform focused on stablecoins.