Today Bloomberg reported that payments firm Stripe is in advanced talks to acquire B2B stablecoin tech firm Bridge, citing sources. When we recently wrote about Stripe re-enabling stablecoin acceptance for merchants, we referenced Bridge as one of the companies creating the infrastructure to enable stablecoins to be used for mainstream payments.
The company formally launched in August after 2.5 years of development, and has raised $58 million in funding, including from Sequoia, Ribbit, Index, Haun Ventures and others.
To date, stablecoins have mainly been used in the crypto world and by those that live in jurisdictions with volatile local currencies. Others might occasionally use them for cross border payments, but until recently that has not been a user friendly experience.
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