Bridge, Founded by Abrams and Sun, Secures $58 Million for Stablecoin Payments

Aug 29, 2024, 04:03 PM

Bridge, a startup founded by Zac Abrams and Sean Sun, former Square and Coinbase veterans, has secured $58 million in funding to enhance the use of stablecoins as a global payments rail. The funding round includes significant contributions from Sequoia, Ribbit, and Haun Ventures. Bridge aims to provide easy-to-use APIs for creating and moving stablecoins, addressing the limitations of having multiple stablecoins on different blockchains. Haun Ventures partner Chris Ahn highlighted that Bridge's value lies in its ability to streamline stablecoin transactions across various platforms.