{"id":140206,"date":"2024-10-21T09:00:12","date_gmt":"2024-10-21T06:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140206"},"modified":"2024-10-21T00:34:50","modified_gmt":"2024-10-20T21:34:50","slug":"historic-1-1b-deal-marks-the-largest-acquisition-in-crypto-history","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/historic-1-1b-deal-marks-the-largest-acquisition-in-crypto-history\/","title":{"rendered":"Historic $1.1B Deal Marks the Largest Acquisition in Crypto History"},"content":{"rendered":"
Stripe has finalized its largest acquisition to date, snapping up stablecoin platform Bridge in a deal valued at $1.1 billion, according to Tech Crunch<\/a><\/strong>.<\/p>\n Bridge, founded by entrepreneurs Sean Yu and Zach Abrams (no relation to this reporter), provides software tools that help companies accept payments in stablecoins. The founders had previously sold a Venmo competitor called Evenly to Block in 2013; Abrams is also a former senior Coinbase employee.<\/p>\n Bridge had previously raised $58 million from investors, including a $40 million Series A round that valued the company at $200 million, according to Forbes. The $1.1 billion price tag therefore represents a large jump from the company\u2019s prior valuation, and Stripe\u2019s largest acquisition in its corporate history.<\/p>\n Stripe, which was last valued at $70 billion, reinstated<\/a> <\/strong>crypto payments for US businesses via USDC<\/a> <\/strong>on Ethereum<\/a><\/strong>, Solana<\/a> <\/strong>and Polygon<\/a> <\/strong>earlier this month. Stripe also inked a partnership with Coinbase in June which saw the startup incorporate Coinbase\u2019s Base Layer 2 network into its crypto payment products, while Coinbase pledged to add Stripe as a way for its customers to buy crypto within its Coinbase Wallet.<\/p>\n The $1.1 billion purchase represents the crypto industry\u2019s largest acquisition deal to date.<\/p>\n","protected":false},"excerpt":{"rendered":" In a groundbreaking move that marks the largest acquisition in the history of the cryptocurrency industry, one fintech giant has made waves by securing a major stablecoin platform in a $1.1 billion deal.<\/p>\n","protected":false},"author":7,"featured_media":76093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28,22],"tags":[280,424,271,77,108,266,71],"coin_category":[],"class_list":["post-140206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-others","tag-coinbase","tag-crypto","tag-ethereum","tag-layer-2","tag-price","tag-solana","tag-stablecoin"],"acf":[],"yoast_head":"\nRead More:<\/h5>\n \n
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