Stripe closes $1.1 billion Bridge deal, prepares for aggressive stablecoin push
Patrick Collison, CEO and co-founder of Stripe, speaking at 2022’s Italian Tech Week in Turin, Italy.
Giuliano Berti | Bloomberg | Getty Images
SAN FRANCISCO — What started as a casual roundtable at Stripe’s headquarters to discuss issues facing fintech companies turned into a billion-dollar acquisition that could become a defining moment for the industry.
Last summer, Stripe hosted Wally Adeyemo, who was then deputy secretary of the Treasury Department, for a chat with a number of financial services providers. Among the attendees were Stripe CEO Patrick Collison and Bridge co-founder Zach Abrams. The two entrepreneurs had never met.
Abrams, whose startup specialized in stablecoin infrastructure, said the session surprised him, as it quickly morphed into a conversation specific to his company.
“It was shocking to me,” Abrams told CNBC this week, recalling the event. The group “spent 90-plus percent of the meeting talking about stablecoins — even though we were the only stablecoin company” in the room, he said.
By the end, Bridge was firmly on Stripe’s radar. Months later, that initial meeting led to Stripe’s biggest acquisition to date, a $1.1 billion purchase of Bridge. The deal, which closed Tuesday after clearing regulatory hurdles, gives Stripe a firm foothold in crypto, a market where it previously struggled to gain traction.
“In the course of us spending time together, he probably developed more of an understanding of our business,” said Abrams, who co-founded Bridge in 2022. “And I think there was a growing excitement around the ways that our business can grow, and probably the ways our business could help support and grow the Stripe ecosystem.”
Bridge’s roughly 60-person team convened in San Francisco on Tuesday for the official onboarding. The newcomers were introduced to Stripe’s culture with a crash course on how to write like a Stripe employee and an intro to the business from Collison.
It’s all part of Stripe’s standard fintech boot camp, a program that runs every two weeks for new hires.
Bridge focuses on making it easier for businesses to accept stablecoin payments without having to directly deal in digital tokens. Stablecoins are a type of cryptocurrency whose value is pegged to the value of a real-world asset, such as the U.S. dollar. Customers include Coinbase and SpaceX.
Companies across the financial services landscape, from legacy banks to startup payment providers, are adopting stablecoins or exploring launching their own because they make it easier and cheaper to switch between currencies and to move money digitally. Standard Chartered predicted in a recent report that stablecoins could grow to become about 10% of foreign exchange transactions, up from 1% today.
Prior to Abrams’ first interaction with Collison at the roundtable, Bridge had been aggressively courting Stripe as a customer, hoping to integrate its technology into the payment giant’s ecosystem. As the two CEOs spent more time together in the weeks that followed, Collison’s interest in Bridge deepened.
Previous failure
Stripe had already taken a shot at crypto — and failed. It was one of the first major fintech firms to support bitcoin payments in 2014, but pulled the plug in 2018, citing scalability issues and high transaction fees. Still, the company insisted at the time that it remained “very optimistic about cryptocurrencies overall.”
Stablecoins would be Stripe’s next foray. At its flagship Sessions conference in April, the company said it would enable merchants to accept stablecoins for online purchases. In its first week of the offering, Stripe saw more stablecoin volume than in its entire history of offering bitcoin transactions.
However, Stripe was still missing a key component to make it all work. It needed a way to seamlessly handle cross-border transactions.
That’s precisely what Bridge offered, said Neetika Bansal, Stripe’s head of money movement products.
“If you think about Stripe and what we’ve focused on for the past seven years — what I personally have focused on — it’s been about breaking down the barriers for global commerce,” Bansal told CNBC in an interview at Stripe’s office. “We’ve done it, to a large part, on traditional financial rails.”
Stripe’s approach to global payments for years involved navigating the complex regulatory and operational challenges in each market it entered. Bridge had developed “a super elegant solution to cross-border use cases” and had “meaningful traction with companies of all sizes,” Bansal said. “It just felt almost like a no-brainer to go and acquire them.”
Stripe paid a hefty price for a two-year old company, an amount that was about three times higher than Bridge’s valuation in a funding round in August.
Bansal framed the acquisition as a strategic step toward modernizing Stripe’s global money movement capabilities.
“We are working very closely together to figure out the right opportunities, where we should power our products with Bridge and, in fact, where we should do new product development on Bridge infrastructure,” she said. “That’s what the next few weeks look like.”
Stripe processes millions of cross-border transactions daily, a segment that’s growing 50% annually. Bansal said stablecoins could meaningfully reduce costs and streamline transactions compared to traditional financial networks.
Bansal used as an example a company in the U.S. paying a contractor in the Philippines, which she called “a common use case as company workforces are going global.”
Stripe has partnered with Remote.com, a global human resources and contractor platform, to process payouts using stablecoin infrastructure in more than 70 countries. Bansal said she sees stablecoins playing a growing role in foreign exchange and treasury management for large enterprises.
For now, Bridge will continue running its existing products, but the teams are working together to determine the best integrations and explore new products that can be built on Bridge’s technology.
“They’re clearly a leader in the space,” Bansal said about Bridge. “A lot of our conversations are about absorbing what Bridge has learned about stablecoins.”
WATCH: Fintechs soar after election
The US solar industry put nearly 18 gigawatts (GW) of new capacity on the grid in the first half of 2025. Even as the Trump administration rolled out anti-clean energy policies, solar and storage still made up 82% of all new power added to the grid in the first six months of the year. But the growth picture isn’t as sunny as it looks, according to the SEIA.
Trump’s big bill (HR1) and new administration actions targeting solar have dragged down deployment forecasts. The latest US Solar Market Insight Q3 2025 report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie warns that these policies could cut 44 GW of US solar growth by 2030 – an 18% decline. Compared with pre-HR1 forecasts, that’s a total loss of 55 GW, or 21% fewer solar projects by 2030.
“Solar and storage are the backbone of America’s energy future, delivering the majority of new power to the grid at the lowest cost to families and businesses,” said SEIA president and CEO Abigail Ross Hopper. She added that the administration is “deliberately stifling investment, which is raising energy costs for families and businesses, and jeopardizing the reliability of our electric grid.” Still, Hopper stressed that demand will keep the industry growing because “the market is demanding what we’re delivering: reliable, affordable, American-made energy.”
Ironically, the report found that this year, 77% of new solar capacity has been built in states Trump won. Eight of the top 10 states for new installations — Texas, Indiana, Arizona, Florida, Ohio, Missouri, Kentucky, and Arkansas — all went red in 2024.
On the manufacturing side, the US added 13 GW of new solar module capacity in the first half of the year, with factories ramping up in Texas, Indiana, and Minnesota. That brings total domestic capacity to 55 GW. But momentum stalled in Q2, with no new upstream manufacturing investment as federal policy uncertainty spooked private capital.
Looking ahead, SEIA and Wood Mackenzie expect solar deployment to land 4% lower than pre-HR1 projections by 2030. Near-term solar growth is buoyed by projects already underway, developers racing against tax credit deadlines, and surging electricity demand as new gas generation becomes pricier and less reliable.
The report also highlights the risk of federal permitting changes. A Department of the Interior order throws up obstructions for solar permits, threatening about 44 GW of planned projects. Arizona, California, and Nevada are expected to be hit hardest.
“There is considerable downside risk for the solar industry if the federal permitting environment creates more constraints for solar projects,” said Michelle Davis, head of solar research at Wood Mackenzie. “The solar industry is already navigating dramatic policy changes as a result of HR1. Further uncertainty from federal policy actions is making the business environment incredibly challenging.”
SEIA has urged Interior Secretary Doug Burgum to reverse course, warning that the administration’s approach could mean lost jobs, higher power bills, and a weaker US economy.
The stakes stretch beyond energy: SEIA notes that if solar growth stalls as projected, the Trump administration will blow its chances at winning the global AI race – something it’s keen to do. Last week, the trade group rolled out a grid reliability policy agenda calling on leaders at all levels of government to shore up the grid with solar and storage to meet surging demand.
Read more: FERC: Solar + wind made up 91% of new US power generating capacity in H1 2025
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
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Inflation is back, with prices rising 2.7% compared to last year (and that doesn’t include food, fuel, or rent, which are up even more), which is objectively bad. But it’s not true that everything is getting more expensive. These inflation-busting EVs are heading into 2026 with prices that are lower than they were in 2025!
There’s plenty of reasons for prices to go up or down in a market – everything from tariffs and taxes and increased domestic production to changes in inflation or even just a manufacturerwillingness to take a smaller profit on per-unit sales in order to drive volume. There’s a little bit of all of that happening in the American EV market this year, especially in the face of the expiring Federal EV tax credit that kind of makes most EVs cost $7,500 more than they would have otherwise.
That said, as I was putting this list together, I realized there were plenty of ways for me to present these MY26 price cuts. “Best deals?” Too opinion-based. “Biggest discounts by percentage?” Too much math. In the end, I went with alphabetical order, by make. Enjoy!
Cadillac OPTIQ
Cadillac is the industry’s luxury EV leader these days – and for good reason. Its electric crossovers are good-looking, have long range, great acceleration, and ultra-fast charging. Heck, they can even power your home in a pinch.
Even so, the powers that be at GM are worried about how their EV sales will fare in an American without a $7,500 Federal EV tax credit, so they’re offering a rear-wheel-drive version of the OPTIQ crossover with 300 miles of range for the 2026 model year with a starting price that’s nearly $2,000 lower than the least-expensive 2025.
Chevy Silverado EV
Chevy is crushing it right now. After setting EV range records and surpassing Ford in EV sales this semmer, Chevy is now the fastest-growing domestic EV brand in the US – and they’re seemingly intent on keeping that momentum into 2026 with a more affordable WT trim level that starts at $54,895, compared to $57,095 for the ’25 WT Standard Range.
The financial picture is looking rosier at the top of the Silverado EV model range, too. The range-topping model for 2026 is the $88,695 Trail Boss, while the $97,895 RST Max Range topped the 2025 lineup.
Mercedes-Benz EQS
Despite being objectively capable, technologically-advanced, and supremely luxurious long-range electric vehicles, the Mercedes EQS and EQS SUVs were saddled with a somewhat anonymous, jellybean-like styling language that’s seen the flagship EVs struggle to find a foothold in the ultra-luxury segment they inhabit.
To that end, Mercedes kicked off its 2025 with big discounts on its in-stock EQS and EQS SUVs, and is responding to lower-than-expected market demand by reducing the cars’ MSRPs. In the case of the EQS SUV, by an inflation-busting $15,000 (!).
Toyota bZ
For 2026, Toyota has axed the bZ4X name and added a raft of both functional and cosmetic improvements to its five-passenger electric crossover, including body color fenders, up to 25% more range, and – thanks to a new thermal management system and battery preconditioning – a bigger battery that can charge from 10-80% capacity in about thirty minutes.
Even with those upgrades, the new and improved 2026 Toyota bZ is cheaper than the outgoing bZ4X, starting at $34,900 – or $2,170 less than the outgoing model.
Disclaimer: the prices above were sourced from CarsDirect, Motor1, and a number OEM websites. All offers were current as of 07SEP2025, and all links provided are from trusted affiliates. These prices may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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Sennebogen’s new 824 G Electro Battery material handler is being put through its paces at a recycling site in Munich’s Aubing district. And, thanks to its innovative grid-connected/battery system, it never has to stop to recharge!
With its emphasis on the recycling of stainless steel, ferroalloys, and superalloys, CRONIMET Alpha’s recycling operations are loud, and adding the ceaseless drone of diesel engines straining against the mass of all that metal as it’s sorted and fed into bailing presses. That’s why the company was so excited to test out Sennebogen’s new, all-electric 824 G Electro Battery material handler during an extensive trial at its Munich site.
So far, CRONIMET’s operators have been impressed with the new Sennebogen. “The battery-powered machine drives just like a diesel-powered one,” explains equipment operator Zoran Alexsic. “You don’t notice any difference in power – only that everything runs much more smoothly and quietly … you don’t have to take breaks to escape the noise.”
Quiet, but powerful
The Sennebogen 824 G comes standard with a 98 kWh battery, but operators can install up to four modular packs for a total of 392 kWh and roughly eight hours of runtime. Even with a single pack—good for 1.5 to 3 hours—the machine can keep CRONIMET’s operations running almost nonstop, thanks to its built-in dual power mode.
Sennebogen’s dual power mode enables the 824 G to run on battery while drawing power from the grid at the same time. When connected to grid power, the machine can recharge its batteries as it works, eliminating the downtime other BEVs need for charging and giving operators the freedom to reposition the machine on battery power, then plug back in when convenient.
Beyond flexibility, the electric handler is also cleaner, quieter, and more cost-effective than the diesel models it’s designed to replace. By seamlessly cycling between battery and grid power, it reduces both noise on the job site and energy costs during peak hours.
Electrek’s Take
We’ve seen grid-connected equipment assets like this before, and with good reason. Simply put, it takes many more kilowatts of energy to dig up tons and tons of dirt and rocks than it does to send an aerodynamically smoothed sedan down a road. That’s why you still see a push towards hydrogen and other energy-dense fuels in construction – but permanently grid connected assets, whether wired or inductive, could solve for some of the limitations of batteries on job sites that can support them.
If the 824 G Electro Battery is a commercial success, expect Sennebogen to roll out more grid-connected options in the years to come.
SOURCE | IMAGES: Sennebogen.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
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