Stripe completes $1 billion Bridge acquisition deal, and Bridge team members have onboarded at Stripe headquarters

ChainCatcher news, according to CNBC, payment company Stripe officially completed its acquisition of stablecoin infrastructure company Bridge on Tuesday for $1.1 billion. This is Stripe's largest acquisition to date, marking a significant move in the stablecoin space.

The team of about 60 people from Bridge has completed onboarding at Stripe's headquarters in San Francisco. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of directly dealing with digital assets, with clients including Coinbase and SpaceX.

Stripe previously supported Bitcoin payments in 2014 but terminated the related services in 2018. The acquisition of Bridge enables it to optimize cross-border payment solutions and expand its stablecoin payment infrastructure.