By Shikha Singh
Stripe is Acquiring Stablecoin Platform Bridge In A $1.1 bn Deal.
Stripe is acquiring stablecoin platform Bridge for $1.1 billion, fulfilling its promise to support stablecoin payments by this summer.
Bridge CEO Zach Abrams expressed excitement about the partnership, while Stripe CEO Patrick Collison highlighted plans to build top-tier stablecoin infrastructure.
This acquisition, Stripe’s largest to date, follows the company’s recent integration of Circle USD (USDC) stablecoins into its payment system.
Blockchain Capital leads $33 mn Series C in African stablecoin exchange Yellow Card.
Blockchain Capital has led a $33 million Series C funding round for Yellow Card, an African stablecoin exchange based in Nigeria.
This brings Yellow Card’s total funding to $85 million. The investment will support growth and expansion, particularly by enhancing its API and widget products to help international businesses access African markets.
Other participants in the funding round included Polychain Capital, Block, Inc., and Winklevoss Capital.
Skyfire Raises $9.5 mn with Backing from Coinbase Ventures & a16z.
Two former Ripple developers have successfully raised a total of $9.5 million in a seed funding round for Skyfire, an open-source payments project.
This fundraising effort saw participation from prominent investors, including Coinbase Ventures and a16z’s Crypto Startup Accelerator (CSX).
Skyfire aims to revolutionize the payments landscape by developing infrastructure that enables AI agents to make autonomous payments without the need for human intermediaries, utilizing USDC or traditional bank rails.
Karpatkey Secures $7 mn to Boost DAO Treasury Services.
Karpatkey, a provider of financial services for Decentralized Autonomous Organizations (DAOs), has successfully completed a $7 million funding round.
The funds will enable the company to expand its solutions to more DAOs and traditional financial institutions.
Notable participants included AppWorks Ventures, Wintermute Ventures, and angel investors like ConsenSys’ Joe Lubin and Stani Kuchelov from Avara.
Winklevoss-Backed DeFi Platform Launches After $6.9 mn Investment Round.
Initialized Capital led a $6.9 million funding round for Azura, a new all-in-one crypto application aggregation layer, with investments from Volt Capital, Winklevoss Capital, and others.
The platform seeks to lower the entry barriers for new investors by bundling decentralized infrastructure and removing complexities like managing multiple wallets and protocols.
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