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Gate Square New & Returning Creator Rewards are ongoing!
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STRIPE ACQUIRES STABLECOIN PLATFORM BRIDGE FOR $1.1 BILLION❗️
#GateOpinionQuest #CryptoObservers #escoin #elg
The world-renowned payment company Stripe made one of the largest acquisitions in the crypto world by acquiring the stablecoin platform Bridge for $1.1 billion. Founded in 2022 by former Coinbase executives, Bridge stands out as a platform that enables businesses to create, store, and transfer stablecoins. Stablecoins offer a secure option against volatility as they are cryptocurrencies indexed to stable assets like the US dollar.
This acquisition is aligned with Stripe's expansion into cryptocurrencies. The company recently started supporting USDC stablecoin payments by collaborating with Circle. Acquiring Bridge allows Stripe to offer faster and more cost-effective solutions for cross-border payments, while accelerating the integration of crypto assets into mainstream payment systems.
Although the purchase has not yet been officially confirmed, it has caused a great buzz in the finance and cryptocurrency world. Stripe's move is seen as a harbinger of significant change in the industry by strengthening the bridges between traditional finance and blockchain-based payment systems.
🔥🔥🔥Result: Stripe's acquisition of Bridge is seen as an important step in integrating stablecoins into mainstream payment systems❗️
#BTC breaks $69,500, a new ATH coming?