Stripe in advanced talks to buy stablecoin firm Bridge- Bloomberg

Investing.comOct 17, 2024 12:56 AM

View all comments（0）



Investing.com-- Payments firm Stripe Inc is in advanced talks to buy stablecoin fintech platform Bridge, Bloomberg reported on Wednesday, potentially marking a bigger push into the steadily growing alternative payments technology.

No final decision had been made, the Bloomberg report said, citing people with knowledge of the matter.

Bridge recently raised $40 million in a Series A round, with venture capital firm Sequoia leading the round. The firm’s platform facilitates the creation, storage and transfer of stablecoins such as Tether’s USDT and Circle’s USDC.

Stripe has also been facilitating stablecoin transfers, amid increasing popularity of the technology as an alternative payments method. The firm last week said it will allow U.S. merchants to accepts crypto payments through USDC, after a six-year hiatus from digital tokens.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

US Stocks Edge Up as Fed Holds Rates; Tech Stocks Lead, Oracle Rises 10%, SK Hynix Jumps Over 13% Post-Earnings

On October 28 Eastern Time, major U.S. stock indices rose modestly as investors assessed the Federal Reserve's decision to hold interest rates steady and awaited earnings reports from Google and Microsoft. At the close, the Dow Jones Industrial Average rose 0.19% to 52,475.10 points; the Nasdaq Composite Index gained 0.27% to 26,549.85 points; and the S&P 500 Index climbed 0.28% to 7,743.98 points.

Alphabet Shares Plunge 8% After Hours as Q3 Revenue, Net Income Miss Estimates, Free Cash Flow Hits Negative $9.065 Billion

On October 28, Google parent company Alphabet (GOOGL) (GOOG) reported its third-quarter 2026 financial results, with Google Cloud revenue doubling to drive a 25% increase in group revenue and a 30% rise in operating profit. However, total revenue fell slightly short of market expectations, losses on securities investments dragged down net profit, and expanding capital expenditures led to a second consecutive quarter of negative free cash flow.

SpaceX Falls Over 4% to Near Two-Week Low as $100 Billion Louisiana Project Faces Legal Challenge

On October 28 (Eastern Time), SpaceX (SPCX) fell over 4% in early trading, hitting its lowest level in nearly two weeks. Reportedly, SPCX's $100 billion development project in Louisiana faces a legal challenge. According to the Associated Press, local residents and a non-profit organization have sued the local government, alleging that officials violated open-meeting rules when negotiating tax incentives for the project.

Tesla Stock Forecast: TSLA Triangle Breakout Targets $411.90 as Cybercabs Overtake Model Ys

TradingKey - Tesla stock forecast: TSLA breaks out of a triangle above $388.85 as Cybercabs overtake Model Ys in Texas, with $411.90 the next hurdle on the 4-hour chart.

Amazon Q3 Earnings Preview: AWS Growth Expected to Rise to 41%, Wall Street Top Price Target $400

TradingKey - Amazon (AMZN) will release its third-quarter 2026 financial results after the U.S. market close on October 29, Eastern Time, and hold an earnings conference call at 17:00 on the same day.

Featured Tools