(Reuters) - Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the deal value. The deal is valued at $1.1 billion, Forbes reported last week, citing people familiar with the matter.

Stripe announced its return after a six-year break at the Solana Sessions, and Stripe’s Co-Founder John Collinson celebrated the landmark news in April of this year. He addressed the audience with a walkthrough of Stripe’s new instant processing payments, saying, “Are you ready for the new crypto?”

The deal, one of the largest in crypto history, follows Stripe announcing stablecoin support earlier this month.

The acquisition, potentially Stripe’s largest to date, would come as the $70 billion fintech highflyer makes a bigger push into stablecoin payments.

Stripe just bought the stablecoin platform Bridge for $1.1B, making this the largest crypto acquisition. How will this impact stablecoins?

Stripe is a global financial technology company that provides a comprehensive platform for businesses to accept and manage online payments. Acting as an intermediary between customers and businesses,

Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge. The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024. Stripe has completed the acquisition of Bridge,

Payment processing giant Stripe has finalized a monumental $1.1 billion acquisition of the stablecoin platform Bridge, as reported by TechCrunch founder Michael Arrington. This deal marks a significant expansion for Stripe into the cryptocurrency domain,

Stripe has reportedly completed the acquisition deal of Bridge, a stablecoin platform, just about two weeks after the payments firm returned to supporting crypto through the $USDC stablecoin.