TechFlow news — On February 5, according to CNBC, payments company Stripe officially completed its acquisition of stablecoin infrastructure firm Bridge on Tuesday for $1.1 billion. This marks Stripe's largest acquisition to date and signals a major strategic move into the stablecoin space.
Bridge's team of approximately 60 employees has already onboarded at Stripe's headquarters in San Francisco. Bridge specializes in helping businesses accept stablecoin payments while reducing the complexity of directly handling digital assets, with clients including Coinbase and SpaceX. Stripe previously supported Bitcoin payments in 2014 but discontinued the service in 2018. The acquisition of Bridge enables Stripe to enhance its cross-border payment solutions and expand its stablecoin payment infrastructure.
