Bridge.xyz – GoDaddy customer – (United States)
Developers geared towards advancing the adoption of decentralized finance (DeFi) launch innovative platforms on .xyz domains. Blockchain analytics platform Flooz.xyz aims to humanize crypto. Web3 platform Rivo.xyz aims to be a gateway to simplified DeFi.
Prime brokerage firm Arkis.xyz is geared towards accelerating the adoption of DeFi. In this week’s #BlockchainThursday, we’ll introduce you to a platform geared towards simplifying access to stablecoin payments: Bridge.xyz.
Bridge.xyz is the online home of Bridge, a financial technology company focused on simplifying global money movement through stablecoins, which are digital assets tied to traditional currencies like the U.S. dollar. Founded by former Square and Coinbase employees, Bridge seeks to provide businesses with a stablecoin payment system that integrates into their existing financial operations. The company aims to make it easier for companies to move between crypto and traditional financial systems, offering a way to handle stablecoin payments without requiring businesses to manage the complexities of blockchain technology. In August 2024, Bridge raised $40 million in a funding round led by Sequoia and Ribbit, bringing their total fundraising to $58 million. The funds are intended to support the development of Bridge’s global stablecoin payments network. 1On October 21, 2024, Bridge finalized a $1.1 billion acquisition deal with payments firm Stripe. This acquisition aligns with Bridge’s vision of building a blockchain-based global payments network, akin to Stripe’s infrastructure, to streamline stablecoin transactions for businesses worldwide.2
Bridge’s platform offers several solutions designed to help businesses integrate stablecoin payments quickly and efficiently. Their Orchestration APIs help companies incorporate stablecoins into their existing financial processes, fostering faster and lower-cost transactions. With Bridge’s Issuance APIs, businesses can issue their own stablecoins and settle transactions across various currencies, including USD and EUR. Bridge focuses on providing a global reach, helping companies move funds across borders in a streamlined manner.
Bridge was co-founded by Zach Abrams and Sean Yu. Zach previously held positions at Brex and Coinbase, and he co-founded Evenly, a peer-to-peer payments company acquired by Square. Sean brings experience from roles at companies like Airbnb, Coinbase, and Doordash. Together, they aim to create a global stablecoin payments network that addresses the challenges businesses face when dealing with crypto and fiat transactions.
Bridge uses a .xyz domain name to create a concise and easily recognizable online presence. .XYZ is often associated with modern and innovative businesses, offering a short and memorable web address. Bridge.xyz emphasizes its global reach and digital-first approach, providing a simple way for users to access their services. You can learn more by following the company on LinkedIn and X/Twitter, and by visiting Bridge.xyz.
1.https://www.coindesk.com/business/2024/08/30/bridge-fundraising-for-stablecoin-based-payments-network-totals-58m-report/ 2.https://seekingalpha.com/news/4186494-stripe-finalizes-deal-to-acquire-stablecoin-platform-bridge-for-11b-reportXYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.
