<p><p>Looking to advance its cryptocurrency ambitions, payments processor Stripe has finalized a deal to buy stablecoin platform Bridge for $1.1 billion, according to <a href="https://x.com/arrington/status/1848060479727435967">a Sunday X post</a> from TechCrunch founder Michael Arrington.</p><p>Bridge, which has <a href="https://www.coindesk.com/business/2024/08/30/bridge-fundraising-for-stablecoin-based-payments-network-totals-58m-report/">raised $54 million in funding</a>, was founded by Square and Coinbase alumni Zach Abrams and Sean Yu, and counts SpaceX and Coinbase (COIN) among its customers.</p><h5></h5><a><img src="https://www.coindesk.com/pf/resources/images/icons/Volume.svg?d=370" width="100%" /><span>Unmute</span></a><h1><a>What's Driving Bitcoin's Recent Price Rise?</a></h1><img src="https://cdn.jwplayer.com/v2/media/1cFfgkQt/poster.jpg?width=720" width="100%" /><span>02:26</span><span>Bitcoin Price on the Rise Amid BTC ETPs' Best Week Since July; Dogecoin Extends Its Rally</span><img src="https://cdn.jwplayer.com/v2/media/bqspnveS/poster.jpg?width=720" width="100%" /><span>12:20</span><span>Dragonfly General Partner on Market Volatility: A Buenos Aires Special </span><img src="https://cdn.jwplayer.com/v2/media/IblXqsh0/poster.jpg?width=720" width="100%" /><span>01:00</span><span>Latin America's Crypto Surge: A Battle Against Inflation</span><img src="https://cdn.jwplayer.com/v2/media/u0zUgtWA/poster.jpg?width=720" width="100%" /><span>01:48</span><span>Nishad Singh’s Lawyers Ask Judge to Spare Him Prison; Italy to Raise Capital Gains Tax on Crypto</span><p>The startup previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.</p><p>Stripe, which enables companies to accept payments online or in-person, has this year been <a href="https://www.coindesk.com/business/2024/04/25/stripe-brings-back-crypto-payments-via-usdc-stablecoin/">exploring extending its offering to cryptocurrency through Circle's USDC stablecoin</a>.</p><p>CoinDesk reached out to Stripe and Bridge for comment but had not received a response by press time.</p><p><i><b>Read More: </b></i><a href="https://www.coindesk.com/business/2024/09/12/stablecoins-increasingly-used-for-savings-payments-in-emerging-countries-but-crypto-trading-still-leads-report/"><i><b>Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report</b></i></a></p><p>Edited by Parikshit Mishra.</p></p>