Stripe Acquires Bridge for $1.1 Billion and Launches Tempo Permissioned Blockchain

Stripe is pursuing a $53 billion acquisition of PayPal with stablecoin integration as the central strategic goal.

Stripe completed its $1.1 billion acquisition of Bridge and launched Tempo, a permissioned blockchain designed for stablecoin payments infrastructure. The acquisition and chain launch follow Stripe's previously reported $53 billion acquisition offer for PayPal, with both moves framed around consolidating stablecoin payment rails.