Stripe has officially completed the acquisition of Bridge, and the Bridge team has joined Stripe headquarters

According to CNBC, the payment company Stripe officially completed its acquisition of stablecoin infrastructure company Bridge this Tuesday, spending $1.1 billion. This is Stripe's largest acquisition to date, marking a significant layout in the field of stablecoins. Bridge's team of about 60 people has already joined at Stripe's headquarters in San Francisco. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of direct contact with digital assets; its clients include Coinbase and SpaceX. Stripe supported Bitcoin payments in 2014 but terminated related services in 2018. The acquisition of Bridge allows it to optimize cross-border payment solutions and expand stablecoin payment infrastructure. Currently, Stripe processes millions of cross-border transactions every day, with an annual growth rate reaching 50%.