Stripe, one of the most well-known companies, especially in digital and online payments, acquired the stablecoin firm Bridge for $1.1 billion. The information was given by Michael Arrington, founder of the TechCrunch website, known for its news on technology.

Bridge, founded by entrepreneurs Sean Yu and Zach Abrams, recently received an investment of $58 million and reached a valuation of $200 million. The company was thus sold for 5 times its valuation.

This move was the largest acquisition in both Stripe and crypto history.

Stripe, with a valuation of $70 billion, also collaborated with the Coinbase exchange and added Base, the exchange’s layer 2 network, to crypto payment methods.