”Reuniting the Crypto Market” Stripe Attempts to Acquire Stablecoin Platform Bridge

Payment processing company Stripe is reportedly in ongoing talks to acquire stablecoin platform Bridge.
Bloomberg reported on the 17th (local time), citing anonymous sources, that Stripe is trying to acquire Bridge, but that the deal has not yet been finalized and both sides have yet to close the deal.
The potential acquisition of Stripe comes as the payments company plans to resume offering cryptocurrency payment services for the first time in six years.
Stripe co-founder John Collison announced earlier this year that Stripe would be offering a stablecoin service for the first time in six years.
"Stablecoin transactions through Stripe are immediately settled on-chain and automatically converted to fiat," Collison explained.
In June, Stripe teamed up with Coinbase to enable fiat-to-cryptocurrency conversion for customers of both platforms.
The partnership will enable clients in over 150 countries to use stablecoins.
On October 9, Stripe added Circle's USDC token to its main payments user interface.
After integrating USDC, users from over 70 countries participated in stablecoin transactions on the first day alone, making it possible to use tokenized fiat currency.
Just days after USDC integration began, Paxos, which operates the Paxos Dollar (USDP) stablecoin, announced that it would be adding a new stablecoin to its blockchain.
Paxos has announced its coin payments platform. As part of the announcement, Paxos revealed that Stripe is the first payment processor to integrate the Paxos API into its operations.
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