According to ChainCatcher, The Block reported that Bridge, a Web3 payment company founded by former Coinbase and Square employees, has completed a $58 million financing round, with participation from Sequoia Capital, Ribbit, Index and Haun Ventures.

Bridge is building a stablecoin-based payment platform that provides services such as cross-border payments and foreign currency exchange. It has partnered with Bitso to carry out stablecoin-based B2B cross-border payments in Latin America.