(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?”

Crypto is so back, baby! Payments firm Stripe confirmed that today with its deal—reportedly $1.1 billion—to buy Bridge, a startup that helps companies make payments using stablecoin (a type of cryptocurrency backed by dollars and other traditional currencies).