According to CNBC, payment company Stripe officially completed the acquisition of stablecoin infrastructure company Bridge on Tuesday for $1.10 billion. This is Stripe's largest acquisition to date and marks a major layout in the stablecoin field. Bridge, whose team of about 60 people has been onboard at Stripe's headquarters in San Francisco, focuses on helping businesses accept stablecoin payments while reducing the complexity of directly accessing digital assets. Its clients include Coinbase and SpaceX. Stripe supported bitcoin payments in 2014 but discontinued them in 2018. The acquisition of Bridge allows it to optimize its cross-border transfer solution and expand its stablecoin payment infrastructure. Stripe currently processes millions of cross-border transactions per day, growing at a 50% annual rate.