Stripe acquires stablecoin platform Bridge for $1.1 billion

Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge The company re-established support for crypto payments in April, adding USDC on Ethereum, Solana, and Polygon in October 2024 Stripe has completed the acquisition of Bridge, a stablecoin platform that helps companies and businesses accept payments in stablecoins. According to TechCrunch founder Michael Arrington, […]

45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone?

Key Takeaways $23.6 billion of stablecoins are currently on exchanges, the least since October 2021 45% of stablecoins have fled exchanges in the last four months 61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut down […]