Stripe Acquisition Of Stablecoin Bridge Platform Worth IDR 17 Trillion, Breaks Record In Crypto Industry

Stripe acquisition of Stablecoin Bridge Platform worth IDR 17 trillion (Photo; Doc. Decrypt)

JAKARTA - Stripe, a payment company, has just made a big breakthrough by acquiring the stablecoin Bridge platform in an agreement worth US$1.1 billion (Rp17 trillion).

This is the biggest acquisition in the history of the crypto industry, marking an important point in the merger between the traditional financial sector and digital assets. TechCrunch founder Michael Arrington confirmed this news through a post on X, highlighting how important this deal is in changing the map of the digital financial industry.

Bridge's acquisition by Stripe shows the greater commitment of this payment company to deepen into the crypto world. Bridge is known as a software provider that allows businesses to accept payments in the form of stablecoins, a type of digital asset whose value is pegged on certain assets such as US dollars. With this acquisition, Stripe is expanding its reach in the realm of digital assets, which is expected to facilitate the adoption of stablecoin technology in mainstream financial services.

The deal also reflects a broader trend in the financial industry, where more and more traditional companies are starting to explore opportunities in the crypto sector. Stablecoins, which offer value stability compared to other cryptocurrencies such as Bitcoin, are considered a bridge that allows for a smoother transition between conventional currencies and digital assets.

This 1.1 billion US dollar deal highlights the growing importance of stablecoins in the global financial ecosystem. Many analysts predict that this acquisition will encourage adoption of stablecoin-based solutions in the banking sector and wider payment services. With the support of large companies like Stripe, this technology could be a more integrated solution to cross-border payments, which has remained a challenge for traditional financial systems.

In addition, this acquisition could be a catalyst for increased regulations around the use of stablecoins, as more and more large companies start using them for daily business operations. It also signals technology and other financial companies to consider entering the crypto space as part of their business innovation.