Stripe has officially completed the acquisition of Bridge, and the Bridge team has joined Stripe's headquarters.

BlockBeats News, February 5th, according to CNBC, payment company Stripe officially completed its acquisition of stablecoin infrastructure company Bridge this past Tuesday, spending $1.1 billion. This is the largest acquisition transaction Stripe has made to date, marking a significant move in the stablecoin field.

The approximately 60-person team from Bridge has now onboarded at the San Francisco headquarters of Stripe. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of direct exposure to digital assets, with customers including Coinbase and SpaceX. Stripe had previously supported Bitcoin payments in 2014 but discontinued the service in 2018.

This acquisition of Bridge will enable them to optimize cross-border payment solutions and expand stablecoin payment infrastructure. Currently, Stripe processes millions of cross-border transactions daily, with a yearly growth rate of 50%.