Payments processor Stripe has finalized a $1.1 billion acquisition of stablecoin platform Bridge, as reported by TechCrunch founder Michael Arrington. Founded by alumni from Square and Coinbase, Bridge has raised $54 million and aims to become the blockchain equivalent of Stripe, providing a global system for developers to integrate their services. The platform's clientele includes notable companies like SpaceX and Coinbase. This acquisition aligns with Stripe's efforts to expand its cryptocurrency ambitions. The deal was confirmed on October 21, 2024, although Stripe and Bridge did not provide comments by the time of the report. This move underscores the growing importance of stablecoin solutions in the payment processing sector.

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