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Stable Standard - Week of October 14, 2024

stablestandard.substack.com · 697 words · saved by 1 readers

Stripe acquires Bridge, Stablecoin dynamics evolve, and Q3 reports unpack trends

Coinbase’s non-exchange revenue breakdown. Revenue from Stabelcoins i.e. USDC accounted for 48% of their LTM non-exchange revenue - Source Capital Markets 🤝 Stablecoins In last week's newsletter, we mentioned rumors of Stripe acquiring Bridge. This morning, Bridge co-founder Zach Abrams confirmed this to be true. At $1.1b, this acquisition represents both the largest acquisition ever done by Stripe and the largest crypto acquisition ever to date. Many people are wondering about the valuation of this deal, as Stripe is no stranger to licensing, developing banking relationships, or…

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