Étienne Girard
Fintech giant Stripe has made its largest acquisition to date, purchasing stablecoin platform Bridge for $1.1 billion, as reported by TechCrunch founder Michael Arrington. This deal also stands as the most valuable acquisition within the cryptocurrency sector.
Bridge, founded by experienced entrepreneurs Sean Yu and Zach Abrams, has emerged as a leading software provider for enterprises looking to process payments using stablecoins.
For Bridge’s investors, the acquisition represents a significant return, as the company was previously valued at $200 million during its Series A funding round. At that time, it raised $40 million, part of a total $58 million in venture capital. The $1.1 billion purchase price reflects a substantial premium over this earlier valuation.
This acquisition aligns with Stripe’s broader push into cryptocurrency services. Earlier this month, the company reintroduced crypto payment options for businesses in the U.S., enabling transactions in USDC across multiple blockchain networks, including Ethereum, Solana, and Polygon.
The deal also follows Stripe’s June partnership with Coinbase, where Stripe integrated the Base layer-2 network into its crypto payment offerings and became a supported payment method in Coinbase Wallet.
By acquiring Bridge, Stripe is expanding its digital payment infrastructure, building on its market-leading position that currently values the company at $70 billion. For Bridge’s leadership, this marks their second exit, following the sale of their earlier venture, Evenly, a Venmo competitor, to Block in 2013. Notably, co-founder Zach Abrams previously served as a senior executive at Coinbase.
