Stripe is in the final stage of negotiations to acquire the stablecoin platform Bridge for $1 billion, marking its largest acquisition ever.

Details of the Acquisition

Leading financial technology provider Stripe is currently discussing the acquisition of Bridge, a platform that enables corporate clients to accept stablecoin payments. If the deal is successfully closed, it will mark the company's largest acquisition.

Bridge Platform Growth and Valuation

Bridge, co-founded by former Coinbase employees, has already raised $58 million from top investors like Sequoia Capital. If the deal goes through, the company's valuation could jump from $200 million to $1 billion.

Stripe Strengthens Crypto Commitment

For Stripe, acquiring Bridge will strengthen its commitment to cryptocurrencies and blockchain technologies. In July, the company launched crypto purchases in the EU and recently added stablecoin payment acceptance. This positions Stripe as a leader in FinTech innovation.

The pending deal could open new possibilities for businesses globally, offering integration of stablecoin transactions for faster and more secure payment methods.