Stripe is in talks to acquire the stablecoin platform Bridge for $1 billion. According to Forbes, the discussions are at an advanced stage, though nothing has been finalized yet.
Bridge, co-founded by Coinbase alumni Zach Abrams and Sean Yu, has developed an API that helps businesses accept stablecoins. According to PitchBook, the duo has raised $58 million from investors like Sequoia Capital and Index Ventures. If the deal with Stripe goes through, it will represent a significant jump from Bridge's $200 million valuation and mark Stripe's largest acquisition to date.
Stripe has clearly prioritized the crypto space. In July, the company enabled crypto payments in the European Union, and earlier this month, Stripe announced a "Pay with Crypto" feature, allowing merchants to accept stablecoins.
