Stripe, the popular online payment platform, is reportedly in advanced talks to acquire Bridge, a stablecoin platform, for a staggering $1 billion.

Founded by Coinbase alumni Zach Abrams and Sean Yu, Bridge has developed an API that enables companies to accept stablecoins. The startup has raised $58 million from prominent investors like Index Ventures and Sequoia Capital.

If the deal goes through, it would mark Stripe's largest acquisition to date, significantly surpassing its previous records. It would also represent a substantial jump from Bridge's current valuation of $200 million.

Stripe has made it clear that cryptocurrency is a strategic priority for the company. In July, Stripe enabled crypto purchases in the European Union. More recently, the company announced a Pay with Crypto feature, allowing merchants to accept stablecoins.

The acquisition of Bridge would further solidify Stripe's position in the cryptocurrency market, providing the company with a valuable platform for processing stablecoin payments.