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Stripe, the payment giant, is reportedly close to acquiring Bridge, a stablecoin-focused payment firm backed by Sequoia. Although this deal has yet to be cast in stone, it could solidify Stripe’s position as a leader in crypto payment solutions if it pulls through. With a stronger focus on stablecoins and cross-border transactions. 
Stripe’s continued expansion into crypto signals that the payment giant is ready to embrace digital assets in a big way. 
<h2 id="b-stripe-revive-crypto-ambitions-b">Stripe Revive Crypto Ambitions</h2> 
Stripe embraced Bitcoin (BTC) in 2014, becoming the first major payment company. However, in 2018, it halted the service due to long transaction times and high fees. Now, after a six-year pause, Stripe is re-entering the crypto market.&nbsp; 
The <a href="https://thecoinrise.com/stripe-reintroduces-crypto-payments-with-usdc-for-merchants/">company recently added Circle’s USDC payments </a>on Ethereum, Solana, and Polygon for U.S. merchant businesses. This move marks its significant comeback. Notably, the payment fintech firm had <a href="https://thecoinrise.com/stripe-brings-back-crypto-payments-with-stablecoin-support/">teased this reintroduction of crypto payments in the form of stablecoins</a> since April&nbsp; 
<h2 id="b-expanding-crypto-offerings-across-the-globe-b">Expanding Crypto Offerings Across the Globe</h2> 
In addition to its USDC integration, <a href="https://thecoinrise.com/stripe-expands-cryptocurrency-services-into-europe/'">Stripe has been ramping up its crypto services in Europe.</a> The company added a crypto widget that allows vendors to sell Bitcoin, Ethereum, Solana, and other digital assets directly from their websites.&nbsp; 
In partnership with Coinbase, Stripe also enables users to buy crypto using credit cards or Apple Pay through the non-custodial Coinbase Wallet. Mercuryo, a global financial service provider, made a similar move in September.&nbsp; 
The fintech firm partnered with Mastercard to roll out an innovative crypto debit card for European users. This card aims to connect self-custodial crypto wallets with conventional payment methods.&nbsp; 
<h2 id="b-bridge-a-key-player-in-cross-border-payments-b">Bridge, a Key Player in Cross-Border Payments</h2> 
Bridge, co-founded by former Square and Coinbase executives, aims to integrate stablecoins into everyday financial systems. Its platform enables cross-border payments and foreign currency exchanges using stablecoins like USDC and Tether (USDT).&nbsp; 
Bridge has partnered with Bitso to facilitate cross-border payments in Latin America. In August, Bridge raised $58 million from top investors like Sequoia, Ribbit, Index, and Haun Ventures.&nbsp; 
<h2 id="b-widespread-adoption-of-stablecoin-b">Widespread Adoption of Stablecoin</h2> 
Stripe’s move comes as most of the top crypto firms in the United States are pivoting toward stablecoin launches. <a href="https://thecoinrise.com/moonpay-now-supports-paypals-stablecoin-pyusd/">Fintech companies such as Paypal, which launched the PYUSD token</a>, are now exploring the digital asset class.&nbsp; 
Remarkably, the <a href="https://thecoinrise.com/uae-central-bank-approves-first-regulated-dirham-stablecoin/">United Arab Emirates is set to have a stablecoin </a>backed by its local currency, dirham. The Central Bank of the United Arab Emirates (CBUAE) recently granted in-principle approval to AED Stablecoin. 
The rising demand for faster, cheaper payments has made stablecoins a valuable tool for global commerce. The digital asset is becoming essential for businesses, with 30 million users moving $3.2 trillion in stablecoins monthly. 
The post <a href="https://thecoinrise.com/stripe-set-to-acquire-stablecoin-firm-bridge/">Stripe Set to Acquire Stablecoin Firm Bridge</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Stripe Set to Acquire Stablecoin Firm Bridge

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