Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Stripe Acquires Bridge for $1.1 Billion

October 21, 2024
Reading Time: 2 mins read
in News
Stripe Acquires Bridge for $1.1 Billion

In a groundbreaking move within the fintech sector, Stripe has acquired the stablecoin platform Bridge for an impressive $1.1 billion. This acquisition represents Stripe’s largest deal to date and establishes it as a significant player in the cryptocurrency industry. Founded by seasoned entrepreneurs Sean Yu and Zach Abrams, Bridge has become an essential provider of software solutions that enable enterprises to efficiently process stablecoin payments. The acquisition reflects Stripe’s commitment to expanding its services in the rapidly evolving digital currency landscape.

The financial terms of the deal highlight a remarkable return for Bridge’s investors, with the acquisition price significantly surpassing the company’s previous valuation of $200 million during its Series A funding round. Bridge successfully raised $40 million as part of its total $58 million in venture capital, illustrating the strong confidence investors have in the company’s future potential. The acquisition not only underscores the value of Bridge’s technology but also emphasizes the growing demand for stablecoin payment solutions in the market.

This strategic acquisition coincides with Stripe’s recent expansion into cryptocurrency services. Earlier this month, the company reintroduced cryptocurrency payment functionality for businesses in the U.S., allowing support for USDC transactions across multiple blockchain networks, including Ethereum, Solana, and Polygon. By integrating these services, Stripe aims to enhance its digital payment infrastructure and provide a more comprehensive suite of offerings to its customers.

Additionally, this acquisition follows Stripe’s partnership with Coinbase, announced in June, which integrated the Base layer-2 network into its crypto payment offerings. This partnership has positioned Stripe as a key payment method within Coinbase Wallet, further establishing its presence in the digital currency space. The leadership team at Bridge is celebrating its second successful exit, having previously sold its earlier venture, Evenly, a Venmo competitor, to Block in 2013. With this acquisition, Stripe is poised to solidify its market-leading position, which has been valued at an impressive $70 billion.

Reference:

  • Stripe Makes Historic $1.1 Billion Acquisition of Stablecoin Platform Bridge
Tags: acquisitionsCryptocurrencyCyber NewsCyber News 2024Cyber threatsOctober 2024SoftwareStripe
ADVERTISEMENT

Related Posts

Charon Ransomware Hits Middle East

ShinyHunters, Spider Join Forces

August 15, 2025
Charon Ransomware Hits Middle East

US Updates Sanctions on Garantex

August 15, 2025
Charon Ransomware Hits Middle East

Stolen Police Emails Sold for $40

August 15, 2025
DarkBit Ransomware Encryption Cracked

DarkBit Ransomware Encryption Cracked

August 14, 2025
DarkBit Ransomware Encryption Cracked

Google Sets Crypto App License Rules

August 14, 2025
DarkBit Ransomware Encryption Cracked

Ghana Nationals Extradited for Fraud

August 14, 2025

Latest Alerts

Zoom Patches Critical Windows Flaw

Charon Ransomware Hits Middle East

Hackers Use CrossC2 to Target Linux, macOS

WP Plugin Flaw Threatens 70K Sites

Android Malware Targets Banks

PS1Bot Malware Spreads via Ads

Subscribe to our newsletter

    Latest Incidents

    Hackers Leak Allianz Life Data

    Croatian Institute Hit by Ransomware

    Norway Dam Breached by Pro-Russian Hackers

    Manpower Breach Hits 140K People

    GUR Hacks Russian Security Vendor

    Dutch Cervical Study Breach Widens

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial