Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.

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

Fintech Stripe has reportedly acquired stablecoin platform Bridge for $1.1 billion, according to an update shared via social media.

Payments giant Stripe has reportedly acquired stablecoin platform Bridge for $1.1 billion, marking a significant move in the company's expansion into cryptocurrency services

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.

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