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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.
Crypto startup Bridge wants to build a global stablecoin-based payments network armed with $58 million in funding. https://t.co/GBneOQCZEy
ARTICLE: Bridge, a Web3 payment platform founded by ex-Square and Coinbase execs, raised $58M! With backing from Sequoia, Ribbit, and others, they aim to build a global stablecoin payment network to challenge traditional systems like SWIFT. Details: ↓ https://t.co/ODbAxQVBr9
BRIDGE BAGS $58M TO DISRUPT PAYMENTS Bridge locked in a massive $58 million in funding, with Sequoia and Ribbit dropping $40 million. These ex-Square and Coinbase legends are on a mission to flip the script on traditional payment systems with stablecoins. They’ve already got… https://t.co/9JmcEWXHUx
