{"id":11688,"date":"2025-02-06T12:31:58","date_gmt":"2025-02-06T12:31:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11688"},"modified":"2025-02-06T12:31:58","modified_gmt":"2025-02-06T12:31:58","slug":"global-payment-processor-stripe-makes-billion-dollar-crypto-bet-best-new-crypto-to-buy-in-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11688","title":{"rendered":"Global Payment Processor Stripe Makes Billion Dollar Crypto Bet: Best New Crypto to Buy in 2025?"},"content":{"rendered":"
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In a recent press conference, David Sacks, the Donald Trump crypto czar, said the administration\u2019s priorities are twofold. First, formulate proper laws governing stablecoins, and second, place serious consideration into creating a strategic Bitcoin reserve. Though the community wants the second to usurp the first, that\u2019s how Trump will proceed with his crypto \u201cgolden era.\u201d And on the same day Sacks provided clarity, Stripe, a payment processor and one of the first platforms to integrate Bitcoin, announced they had completed their acquisition of Bridge, a stablecoin infrastructure provider, for $1.1 billion.<\/span><\/p>\n

Explore: Crypto Czar Backs BTC Reserve and SEC Taskforce Drawdown<\/a><\/strong><\/p>\n

Stripe Acquires Bridge For $1.1 Billion: Why It Matters<\/span><\/strong><\/h2>\n

Neetika Bansal, the business lead at Stripe, said<\/a> the acquisition was partly advised by the fact that stablecoins will play a \u201ccritical role in turbocharging cross-border commerce.\u201d On his part, Zach Abrams, the co-founder of Bridge, added that the buyout means Stripe will continue \u201cscaling digital dollars to businesses everywhere.\u201d<\/span><\/p>\n

Bridge built an infrastructure through which businesses can accept stablecoins without having to handle them. According to CNBC<\/a>, the startup had an initial valuation of $200 million and was backed by serial investors like Index Ventures and Sequoia Capital.<\/span><\/p>\n