'Coinbase And Square Vets Aim To Level Up Stablecoins With Bridge And $58M In Funding' - Fortune
Portfolio Pulse from Benzinga Newsdesk
Bridge, a new initiative by former Coinbase and Square executives, aims to enhance stablecoins with $58 million in funding. Stablecoins like Tether and USDC are gaining popularity for cross-border remittances and DeFi payments.
August 29, 2024 | 4:37 pm
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POSITIVE IMPACT
Former Coinbase executives are involved in Bridge, a new initiative to enhance stablecoins, which could impact Coinbase's role in the crypto ecosystem.
The involvement of former Coinbase executives in a new stablecoin initiative could influence Coinbase's market position and innovation in the crypto space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Former Square executives are part of Bridge, aiming to advance stablecoins, potentially affecting Square's involvement in digital payments.
The participation of former Square executives in a stablecoin project could impact Square's strategies in digital payments and crypto adoption.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70