PANews reported on February 5 that according to CNBC, payment company Stripe officially completed the acquisition of stablecoin infrastructure company Bridge on Tuesday, spending $1.1 billion. This is Stripe's largest acquisition deal to date, marking its major layout in the stablecoin field.

Bridge's team of about 60 people has joined Stripe's headquarters in San Francisco. Bridge focuses on helping companies accept stablecoin payments while reducing the complexity of direct exposure to digital assets. Its clients include Coinbase and SpaceX. Stripe supported Bitcoin payments in 2014, but terminated related services in 2018. The acquisition of Bridge enables it to optimize cross-border payment solutions and expand stablecoin payment infrastructure.