Bridge, Founded by Square and Coinbase Vets, Secures $58 Million for Stablecoin Payments

Aug 29, 2024, 06:48 PM

Bridge, a global stablecoin payment network co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, has secured $58 million in funding. The financing round saw participation from prominent investors including Sequoia, Ribbit, Haun Ventures, and Index. Bridge aims to revolutionize global payments by making stablecoins a new global payment rail. To date, the company has processed over $5 billion in annualized payment volume.