PANews reported on November 1 that according to CoinDesk, the stablecoin payment platform Bridge, which payment giant Stripe plans to acquire, announced the acquisition of Web3 wallet infrastructure platform Triangle. The transaction amount was not disclosed. Triangle was founded by former Stripe employee Tasti Zakarie and focuses on simplifying the integration of digital asset wallets through developer APIs to promote mainstream users into the blockchain field. The acquisition will allow the Triangle team to join Bridge and further promote the development of a scalable stablecoin system.
Bridge itself is about to be acquired by Stripe for $1.1 billion, becoming one of the largest mergers and acquisitions of crypto assets in the payment industry. Triangle is backed by investors including Social Capital, Alchemy Ventures, DCG and WndrCo, and this acquisition will expand Bridge's technological advantages.
