TechFlow news, October 17 — According to Bloomberg citing sources familiar with the matter, payments company Stripe Inc. is engaged in advanced talks to acquire fintech platform Bridge. No final decision has been made, and either party could still pull out of the deal.
Bridge’s platform enables businesses to create, store, send, and receive stablecoins such as Tether's USDT and Circle's UDSC. The startup has raised a total of $58 million, according to Fortune magazine in August, with investors including Sequoia, Ribbit Capital, Index, and Haun Ventures.
Sequoia led Bridge’s recent $40 million Series A round, during which it highlighted the market opportunity for stablecoins—partly driven by initiatives from companies like Stripe. Neither company has commented on the potential acquisition.
