Stripe Eyes New Acquisition to Strengthen Stablecoin Payments

Stripe is exploring a potential acquisition of Bridge, a stablecoin payment platform, as it aims to strengthen its foothold in the stablecoin market.

Currently, discussions are underway, but no formal agreements have been established, leaving both parties free to withdraw if needed.

Bridge, which recently secured $58 million in funding from notable investors like Sequoia and Index Ventures, provides businesses with tools to manage stablecoins such as USDT and USDC. A partnership with Stripe could enhance Bridge’s capabilities in developing a competitive stablecoin payment network.

Stripe’s interest in stablecoins signals a broader trend towards their adoption in global payment systems. Recently, the company integrated Paxos, another stablecoin platform, and announced the return of USDC payments for U.S. businesses, supporting transactions on Ethereum, Solana, and Polygon networks.

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With many of its e-commerce clients looking for affordable customer outreach solutions, Stripe recognizes the potential of stablecoins in meeting these demands. Co-founder John Collison has highlighted the benefits of using cryptocurrency for transactions, particularly regarding speed and cost-effectiveness.

If the collaboration with Bridge proceeds, it will further cement Stripe’s position in the stablecoin sector, aligning it with other major players like PayPal and Visa, while firms like Robinhood remain more hesitant about entering this market.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.