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Stripe Is Buying Bridge Network To Go After The Stablecoin Opportunity

October 24, 2024
x min read
Stripe Stablecoin Bridge
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The stablecoin opportunity keeps on expanding. And this time, one of the most valuable private companies in the world is getting in on the action.

What’s happening:

  • Stripe has acquired stablecoin company Bridge Network for $1.1B USD

The big idea:

  • Bridge Network has built technology that makes it seamless for developers to launch and issue their own stablecoins globally
  • Through Bridge Network’s software platform, companies are also able to rapidly integrate stablecoins to be used as payments and to begin accepting established stablecoins such as USDC or USDT for transactions

Why it matters:

  • Stripe is one of the most dominant payment processors in the world and had previously distanced themselves completely from crypto, prior to rolling out an integration to enable payments to be made through USDC
  • Bridge Network has a number of notable venture capital funds as early investors, including Sequoia Capital, Index Ventures, Huan Capital and others

Going deeper:

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