Deniz 
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 in Latin America, it has already teamed with Bitso for business-to-business cross-border payments.
“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.” Bridge said in the post.
As of August 28, datas indicates the overall stablecoin supply to be 176.6 million. While Circle’s USDC counts for 20.6%, Tether’s USDT has a 70.7% portion of the stablecoin supply.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.