Payments company Stripe plans to acquire stablecoin platform Bridge to accelerate the adoption and utility of tokenized dollars. This acquisition, valued at approximately $1.1 billion, is pending regulatory approvals. Stripe CEO Patrick Collison aims to establish the world’s best stablecoin infrastructure. Following its APIs launch in March 2023, Bridge has garnered interest from cross-border payment companies, government entities for aid disbursement, and firms like SpaceX for treasury management. Analysts assert that stablecoin technology offers significant advantages, including rapid settlement times and low fees, notably benefiting cross-border transactions. Eric Risley, a founding partner at Architect Partners, called the deal one of the most significant M&A transactions in the blockchain sector, highlighting the growing recognition of stablecoin-based payments by non-crypto companies. Stablecoin adoption continues to rise, with the market currently valued at over $170 billion, as supported by stakeholders in the financial ecosystem.

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