đ Stripe Buys Stablecoin Platform Bridge for $1.1 Billion! đ
- Fintech giant Stripe has just bought stablecoin platform Bridge for a whopping $1.1 billion! đ°
- This is the largest acquisition in the crypto industry to date.
- TechCrunch founder Michael Arrington announced the news on X with excitement: "Deal done. $1.1b."
- Bridge, founded by Sean Yu and Zach Abrams, provides tools for businesses to accept payments in stablecoins.
- Before founding Bridge, Sean Yu and Zach Abrams had experience at big companies like Coinbase, Square, DoorDash, and Airbnb.
- Earlier this year, Bridge raised $58 million in funding from big investors like Sequoia and Haun Ventures.
- Stripe is getting serious about crypto, integrating USDC and partnering with Coinbase.
- What do you think about this acquisition? Let's discuss in the comments! đ#CryptoNews#Blockchain#Stripe#Bridge #Stablecoin
