Bridge secures $58 million in funding to accelerate construction of stablecoin fund transfer platform

On the 29th, cryptocurrency media outlet The Block reported that Bridge, a Web3 payment company founded by former employees of Coinbase and Square, had raised $58 million (
According to a post on Bridge's X (formerly Twitter), the company is building a stablecoin-based fund transfer platform.
Bridge's investors include Sequoia, Ribbit, Index and Haun Ventures.
Bridge has already partnered with Bitso to provide B2B and cross-border payments services using stablecoins in Latin America.
Bridge said, "We are building an orchestration and issuance service for a variety of stable coins," and "orchestration will provide a simple API."
"And you can easily convert between different dollar forms, such as USD, EUR, USDC, PYUSD, USDT, etc."
He continued, "The publishing service allows developers to customize these dollars and make profits.
Our orchestration and issuance APIs allow businesses and teams to easily deliver digital dollar-based services to end consumers.
"We will make it available to individuals and companies."