Odaily Planet Daily News 🚀 Bridge, a global stablecoin payment network co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, announced that it has received $58 million in financing. Investors include well-known institutions such as Sequoia, Ribbit, Index and Haun Ventures.

Bridge provides seamless fiat currency and stablecoin conversion services, facilitating the transfer of different stablecoins between blockchains. The platform currently processes more than $5 billion in annualized payment volume and works with high-end customers such as Elon Musk's SpaceX to help it collect payments in different regions and currencies and transfer funds to its global treasury through stablecoins.

Although the overall market performance is neutral, the outlook for Bitcoin remains optimistic. 🌟