Stripe CEO Patrick Collison has confirmed on X that the company has acquired stablecoin infrastructure firm Bridge, describing stablecoins as ‘room-temperature superconductors for financial services.”
The news follows an earlier tweet by Michael Arrington, the founder of TechCrunch, that the deal price was $1.1 billion.
Bridge provides B2B stablecoin infrastructure to help companies to support payments using stablecoins. As we noted in a more detailed piece last week, both companies are global orchestrators, Stripe with card and bank payments and Bridge with stablecoins.
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