Stripe In Talks To Acquire Fintech Platform Bridge

According to Odaily, payment company Stripe Inc. is in advanced discussions to acquire fintech platform Bridge. Sources familiar with the matter revealed that Stripe has been negotiating the acquisition, but no final decision has been made, and either party could still withdraw from the deal. A representative from Stripe declined to comment, and Bridge CEO Zach Abrams did not respond to multiple email requests for comment. Bridge's platform is designed to allow businesses to create, store, send, and receive stablecoins such as Tether's USDT and Circle's USDC. As reported by Fortune in August this year, the startup has raised a total of $58 million, with investors including Sequoia, Ribbit Capital, Index, and Haun Ventures. Sequoia led Bridge's recent $40 million Series A funding round, highlighting the market opportunities for stablecoins, partly driven by initiatives from companies like Stripe.