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Stripe acquires stablecoin API Bridge for $1.1b deal
Stripe has completed its acquisition of Bridge, a stablecoin API platform, for US$1.1 billion.
This marks Stripe’s largest acquisition to date and signifies an expansion into the cryptocurrency market.
Bridge, located in San Antonio, Texas, was co-founded in 2022 by Zach Abrams and Sean Yu, who have backgrounds at Coinbase and Square.
The platform provides APIs that enable businesses to accept stablecoins.
It has raised US$58 million from investors, including Index Ventures and Sequoia Capital, with a reported valuation of US$200 million during its $40 million series A funding round in 2024.
Recent Stripe developments
| Timeline |
|---|
04-Feb-2025 🚀 Stripe appoints new head of startup and VC partnerships
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22-Jan-2025 📉 Stripe cuts 300 jobs in product, engineering, operations
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21-Oct-2024 💰 Stripe expands crypto reach through $1.1b Bridge acquisition
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09-May-2023 💳 Stripe partners with WhatsApp for in-chat payments in SG
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| 04-Apr-2023 📈 Stripe’s take on driving fintech product growth |
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