According to PANews, payment giant Stripe's planned acquisition of stablecoin payment platform Bridge has announced its acquisition of Web3 wallet infrastructure platform Triangle. The financial details of the transaction were not disclosed. Triangle, founded by former Stripe employee Tasti Zakarie, focuses on simplifying the integration of digital asset wallets through developer APIs to facilitate mainstream adoption of blockchain technology. This acquisition will see the Triangle team join Bridge, further advancing the development of scalable stablecoin systems.
Bridge itself is set to be acquired by Stripe for $1.1 billion, marking one of the largest mergers and acquisitions in the payment industry's engagement with crypto assets. Triangle has received support from investors including Social Capital, Alchemy Ventures, DCG, and WndrCo. This acquisition is expected to enhance Bridge's technological capabilities.
