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Stripe has finalized a deal to acquire the stablecoin platform Bridge for $1.1 billion. This acquisition marks a significant move by a major payments company into the crypto space. Bridge, which was the subject of this takeover, has also acquired the web3 wallet infrastructure platform Triangle for an undisclosed amount. According to Gemini's EU head, this acquisition indicates that major fintech companies are becoming key players in the crypto industry.
1/ Why everyone is wrong about stablecoins @Stripe’s recent acquisition of stablecoin orchestration startup Bridge sent shockwaves through the crypto world. For the first time, a major payments company committed over a billion dollars to accelerate its use of this technology. https://t.co/JHFQjn2kuX
[COINDESK] Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle
EXCLUSIVE: @Stablecoin, the subject of a $1.1 billion takeover bid by @stripe, has bought web3 wallet infrastructure platform @triangleplatfrm for an undisclosed amount. @willcanny99 reports. https://t.co/1KDohGNf17