Sequoia led Bridge’s most recent round, a $40 million Series A fund-raising. In a blog post published at the time, the venture capital firm hailed the market opportunity for stablecoins created in part by moves by companies like Stripe. A tie-up would add fuel to Stripe’s recent moves into stablecoins, an increasingly popular alternative payments mechanism. Last week, Stripe said it would once again be allowing merchants in the US to accept crypto payments in the form of USDC, ending a six-year hiatus from processing digital tokens. Earlier this month, Visa announced a new platform for banks to issue their own fiat-backed tokens, including stablecoins. Other financial technology companies, including Robinhood Markets Inc. and Revolut Ltd., are considering launching stablecoins of their own.

https://www.bloomberg.com/news/articles/2024-10-16/stripe-in-talks-to-acquire-stablecoin-focused-fintech-platform-bridge-usdc?sref=EcccZSTc