January 14, 2025

How New Stablecoin Startup Bridge Got Acquired by Stripe for $1.1 Billion - Ep. 764

Listen Later

1 hour 15 minutes

In October, the crypto industry saw a jaw-dropping acquisition: Bridge, a stablecoin-focused company, was bought by Web2 payments giant Stripe for $1.1 billion.

Now, three months later, Bridge co-founder Zach Abrams opens up about the wild journey that led to this moment, from navigating collapses like Terra’s UST and USDC’s depegging, to securing compliance and fraud prevention as core priorities.

Zach also delves into his vision for the future of stablecoins, whether the U.S. dollar will continue to dominate, and why global financial infrastructure needs an upgrade.

Plus, he recounts how timing and resilience helped Bridge stand out amidst massive industry challenges.

Show highlights:

01:49The problems of the payments system and how stablecoins could solve them

13:35 What Bridge is, how it works and what types of consumers it serves

19:33 What significant inconveniences Bridge found throughout its journey

25:56 How Zach’s background in Coinbase influenced the launch of Bridge

30:20 Whether there will be multiple stablecoins or just a couple of winners

33:49 How Bridge worked with their customers to improve its product

39:35 The story of how Bridge was acquired by Stripe for $1.1 billion

46:37 Whether its dependence on banks is a problem for Bridge

53:02 How Bridge deals with fraud and compliance

59:50 What Zach thinks about the competition in the stablecoin landscape

1:04:37 Why Zach believes that the fiat infrastructure landscape is still Bridge’s main competitor

1:10:08 Whether the U.S. dollar will remain the overwhelmingly predominant currency in stablecoins

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Stellar Build Better

Polkadot

Guest:

Zach Abrams, Co-founder of BridgeLinks

Recent coverage of Unchained on stablecoins:

How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks

Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto, Stablecoins, and Prediction Markets

CNBC: Stripe's $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more

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Unchained

By Laura Shin

4.6

11811,181 ratings

January 14, 2025

How New Stablecoin Startup Bridge Got Acquired by Stripe for $1.1 Billion - Ep. 764

Listen Later

1 hour 15 minutes

In October, the crypto industry saw a jaw-dropping acquisition: Bridge, a stablecoin-focused company, was bought by Web2 payments giant Stripe for $1.1 billion.

Now, three months later, Bridge co-founder Zach Abrams opens up about the wild journey that led to this moment, from navigating collapses like Terra’s UST and USDC’s depegging, to securing compliance and fraud prevention as core priorities.

Zach also delves into his vision for the future of stablecoins, whether the U.S. dollar will continue to dominate, and why global financial infrastructure needs an upgrade.

Plus, he recounts how timing and resilience helped Bridge stand out amidst massive industry challenges.

Show highlights:

01:49The problems of the payments system and how stablecoins could solve them

13:35 What Bridge is, how it works and what types of consumers it serves

19:33 What significant inconveniences Bridge found throughout its journey

25:56 How Zach’s background in Coinbase influenced the launch of Bridge

30:20 Whether there will be multiple stablecoins or just a couple of winners

33:49 How Bridge worked with their customers to improve its product

39:35 The story of how Bridge was acquired by Stripe for $1.1 billion

46:37 Whether its dependence on banks is a problem for Bridge

53:02 How Bridge deals with fraud and compliance

59:50 What Zach thinks about the competition in the stablecoin landscape

1:04:37 Why Zach believes that the fiat infrastructure landscape is still Bridge’s main competitor

1:10:08 Whether the U.S. dollar will remain the overwhelmingly predominant currency in stablecoins

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Stellar Build Better

Polkadot

Guest:

Zach Abrams, Co-founder of BridgeLinks

Recent coverage of Unchained on stablecoins:

How This Stablecoin Business in Africa Is Taking on SWIFT and Big Banks

Why Robinhood CEO Vlad Tenev Is Betting Big on Crypto, Stablecoins, and Prediction Markets

CNBC: Stripe's $1.1 billion deal for crypto firm Bridge marks much-needed win for VCs

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more

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