- Stripe has completed the acquisition of stablecoin platform Bridge for $1.1 billion.
- Earlier this year, Stripe resumed support for crypto payments and in October 2024 added USDC on Ethereum, Solana, and Polygon.
Stripe has finalized its acquisition of Bridge, a stablecoin platform that enables businesses and merchants to accept payments in stablecoins. According to TechCrunch founder Michael Arrington, the deal is valued at $1.1 billion and represents one of the largest transactions in the fintech space to date.
Arrington shared the news on X. The Stripe-Bridge transaction follows reports last week that the two companies were in talks to reach an agreement.
The acquisition also comes as Stripe has increased its visibility in the crypto sector through recent moves, including acquisitions such as TaxJar and Lemon Squeezy, and by unveiling new crypto-focused capabilities.
Stripe’s “Pay with Crypto” feature, developed in partnership with Paxos, allows merchants to add stablecoins at checkout, making it easier for companies to accept digital dollar-denominated tokens. Several other platforms have taken similar steps to expand stablecoin payment options for businesses.
Stripe had initially stopped supporting crypto payments in 2018 but returned to the market in April 2024. The company partnered with Coinbase in June to integrate Base, a layer-2 network, and in July it expanded its crypto product offerings into the European Union. The most recent milestone reintroduced crypto payments using USDC across Ethereum, Solana, and Polygon networks.
Bridge was founded in 2022 by entrepreneurs Sean Yu and Zach Abrams. The platform raised $58 million from venture investors, including a $40 million Series A round that valued the company at $200 million.