Payments processor Stripe has acquired stablecoin platform Bridge for $1.1 billion, making it the largest crypto acquisition by a major payments company to date. Analysts from broker Bernstein said that the deal validates the usage of stablecoins for public blockchains and noted that stablecoins are now the cheapest method of cross-border payments. The acquisition highlights the growing recognition and adoption of stablecoin-based payments, with these coins being used by non-crypto firms. The use of stablecoins in cross-border payments is seen as a disruptive challenge to the traditional banking system.



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