Odaily News Payment company Stripe officially completed its acquisition of stablecoin infrastructure company Bridge on Tuesday, spending $1.1 billion. This is Stripe's largest acquisition to date, marking its major layout in the stablecoin field.
Bridge’s team of about 60 met in San Francisco for a formal onboarding meeting. New employees were trained in Stripe’s culture, including a crash course in how to write like a Stripe employee and an introduction to Collison’s business. These were all part of Stripe’s standard fintech boot camp, which is held every two weeks for new employees.
Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of directly engaging with digital assets, and its clients include Coinbase and SpaceX. Currently, Bridge will continue to run its existing products while the team is working together to determine the best integration method and explore new products that can be built on Bridge technology. (CNBC)