{"id":28149,"date":"2024-08-31T11:45:15","date_gmt":"2024-08-31T08:45:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28149"},"modified":"2024-08-31T09:18:07","modified_gmt":"2024-08-31T06:18:07","slug":"bridge-raises-58m-to-expand-stablecoin-services","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bridge-raises-58m-to-expand-stablecoin-services\/","title":{"rendered":"Bridge Raises $58M to Expand Stablecoin Services"},"content":{"rendered":"<p><strong>Bridge<\/strong>, the web-3 payment company, has attracted $58 million overall. Originally founded by former Coinbase and Square staff members, the startup has investors including Sequoia, Ribbit, Index, and Haun Ventures, according to a <a href=\"https:\/\/x.com\/StableCoin\/status\/1829189512741957734\">company post on X.<\/a><\/p>\n<p>Building a stablecoin-powered money mobility network, <strong>Bridge<\/strong> provides cross-border payments, payouts, and foreign currency exchange. Undergirded by stablecoins in Latin America, it has already teamed with Bitso for business-to-business cross-border payments.<\/p>\n<p><em>&#8220;We are building stablecoin orchestration and issuance as a service. Orchestration provides simple APIs to easily convert between any two dollar formats (USD\/EUR, USDC, PYUSD, USDT, etc.). Issuance gives developers the ability to convert any of these dollars into a stablecoin they can customize and benefit from. Our orchestration and issuance APIs make it possible for any company and team to offer digital dollar-based services to their end consumers or businesses.&#8221;<\/em> <strong>Bridge<\/strong> said in the post.<\/p>\n<p>As of August 28, datas indicates the overall stablecoin supply to be 176.6 million. While Circle&#8217;s USDC counts for 20.6%, Tether&#8217;s USDT has a 70.7% portion of the stablecoin supply.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bridge, the web-3 payment company, has attracted $58 million overall. Originally founded by former Coinbase and Square staff members, the startup has investors including Sequoia, Ribbit, Index, and Haun Ventures, according to a company post on X. Building a stablecoin-powered money mobility network, Bridge provides cross-border payments, payouts, and foreign currency exchange. Undergirded by stablecoins<\/p>\n","protected":false},"author":6,"featured_media":28150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1137,8319,488],"class_list":["post-28149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bridge","tag-coibase","tag-stablecoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bridge Raises $58M to Expand Stablecoin Services - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bridge-raises-58m-to-expand-stablecoin-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Raises $58M to Expand Stablecoin Services - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bridge, the web-3 payment company, has attracted $58 million overall. Originally founded by former Coinbase and Square staff members, the startup has investors including Sequoia, Ribbit, Index, and Haun Ventures, according to a company post on X. Building a stablecoin-powered money mobility network, Bridge provides cross-border payments, payouts, and foreign currency exchange. 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