Payments giant Stripe has acquired stablecoin platform Bridge for a total amount of $1.1 billion, more than 5x its $200 million valuation, according to an Oct. 21 annnouncement.
The acquisition is part of Stripe’s plan to enter the stablecoin market.
The US Securities and Exchange Commission (SEC) is likely to appeal against the court’s July 13 decision in the Ripple case.
As it happened, Federal Court Judge Analisa Torres determined that the XRP token is only a security when sold to institutional investors.
If approved, EIP-7781 will reduce block times from 12 seconds to 8 seconds, increase blob capacity, and make decentralized exchanges slightly more efficient.