"Stablecoins are the next killer app for cryptocurrencies - obvious to everyone in the cryptocurrency industry, but not so obvious to the outside world," Matt Huang, co-founder of crypto investment house Paradigm, said in a social media post. "Congratulations to Stripe and Bridge." Previously, it was reported that payment company Stripe has acquired stablecoin platform Bridge for $1.10 billion, making it the largest acquisition in the cryptocurrency space.