Stripe in talks to acquire stablecoin platform Bridge — report
Stablecoins pegged to the United States dollar have outpaced Bitcoin as a store of value in developing countries with runaway inflation.
Stripe, a payments processing company, is reportedly in talks to acquire stablecoin platform Bridge, according to unnamed sources familiar with the deal.
According to Bloomberg, the deal has not yet been finalized, and either party could still walk away without inking an agreement.
The potential acquisition by Stripe comes amid the payment company’s planned re-entry into the digital asset sector after a six-year break from providing crypto payment services.
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Author: Vince Quill
