Building a bigger, better Bridge

Together, Bridge and Stripe will accelerate the adoption and utility of tokenized dollars and, in doing so, make money easier to move, store, and spend for everyone, all around the world.

We are very excited to announce that Stripe is acquiring Bridge.

When we rolled out our APIs 18 months ago, the world was very different. Many were questioning the utility of the entire digital asset space and stablecoins were impacted by association. Regulators, banks and fintechs were unable or unwilling to engage deeply with this new medium.

Since then, some of the largest global financial institutions, like Visa and SWIFT, have begun natively supporting stablecoins. Policymakers across the globe are working to provide clarity and support for stablecoin infrastructure, recognizing the technology’s strategic importance for our financial system. And in the background, stablecoin adoption and usage have been rapidly accelerating.

We’d like to believe that Bridge has played a small role in this transition. Shortly after launch, several cross-border payments companies integrated our APIs, proving that stablecoins could be used to make global money movement faster and cheaper. We then worked with government agencies to disburse aid payments, supporting thousands of frontline workers across LATAM. After that, we built Virtual Accounts to enable fintechs, like Dolar App and Chipper Cash, to give global consumers and businesses the ability to hold and spend in USD.

With each of these use cases, we proved to ourselves and to those outside the company that stablecoins could become core global money movement infrastructure. This happened not because consumers or businesses inherently want “crypto”, but instead because stablecoins solve critical financial problems. They make money easier to move, more economical to hold, and cheaper to send than ever before.A lot has changed (and improved) over the past 18 months. But we’re still incredibly early.

A lot has changed (and improved) over the past 18 months. But we’re still incredibly early.

Stablecoins represent an entirely new payments platform. Realizing the potential of this platform will be a decades-long journey. And as we’ve gotten to know the Stripe team, it’s become clear that we both share a vision for what’s possible with stablecoins and an excitement around the opportunity to create and build this future.

Like us, Stripe believes in the profound impact stablecoins can have globally. Stripe operates all across the world and understands better than almost anyone the problems created by our existing localized payment systems.

We both believe that our increasingly globalized world needs better money. We need money that can move across borders; be freely accessible to anyone, in any country; and can be sent at almost no cost.

We both believe in the outsized impact that comes from enabling developers. Stripe has led the way in building exceptional products for developers and builders all over the world. We’re excited to learn from and work alongside their team as we expand our Orchestration and Issuance APIs.

And, critically, we both believe that big changes in financial services don't come overnight. Change comes through years of compounding. Compounded product and platform improvements, and compounded trust with customers, regulators and partners.

We share a vision for the future, clarity around the problems that can be solved, and a long-term orientation regarding how we execute towards this opportunity. Together, we’ll be able to solve bigger problems, support more developers, and help more consumers and businesses all across the world.

We’re extremely proud of what Bridge and our community of developers have accomplished, and we can’t wait to start our next chapter together with Stripe. We built Bridge to solve our most vexing global financial challenges, to pull a more connected world forward, and to give everyone more economic choice. We’re thrilled to be joining forces with Stripe to fully realize these ambitions.

The transaction is subject to regulatory approvals and other closing conditions. We expect to close in the coming months.