The deal marks one of crypto’s largest acquisitions, allowing more businesses to deal in stablecoins.
Payment processing giant Stripe has reportedly acquired stablecoin platform Bridge in a $1.1 billion deal, according to TechCrunch founder Michael Arrington.
The deal had been in “advanced stages” from at least Oct. 17, according to reports at the time, which representatives from both organizations did not address.
“This deal is done. $1.1b,” Arrington wrote in an Oct. 20 X post.
