Bridge, a Web3 payment platform co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, has secured $58 million in funding. This includes a $40 million round led by prominent venture capital firms Sequoia, Ribbit, and Index. The funding aims to support Bridge's mission to develop a global stablecoin-based payment network, challenging traditional financial systems like SWIFT. The platform has already processed over $5 billion in annualized payment volume and is backed by investors such as Sequoia, Ribbit, Haun Ventures, and has clients like SpaceX.