Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle
Summary
Triangle, a web3 wallet infrastructure platform founded by Stripe alumni Tasti Zakarie, has been acquired by stablecoin payments platform Bridge. The Triangle team will join Bridge to develop scalable stablecoin systems. Financial terms were not disclosed. Bridge is being acquired by Stripe for $1.1 billion, marking the largest crypto acquisition by a major payments company. Triangle offers a developer API to facilitate digital asset usage in applications and is backed by investors such as Chamath Palihapitiya, Alchemy Ventures, DCG, and WndrCo.
