Triangle, a platform for web3 wallet infrastructure founded by Stripe veteran Tasti Zakarie, has been acquired by Bridge, a stablecoin payment company. This acquisition comes as Bridge prepares for its own acquisition by Stripe for the significant sum of $1.1 billion, marking it as the largest purchase of a crypto-related company by a mainstream payment processor to date.

As part of this transaction, the Triangle team will be integrated into Bridge's operations to enhance their stablecoin systems. Although the financial specifics of the deal remain undisclosed, it's noted that the acquisition highlights the growing interest in digital asset systems within traditional finance settings.

‘Triangle was inspired by Stripe in how easy they made it to accept payments in any application,’ Zakarie shared, reflecting on the company's mission to streamline the use of digital assets for everyday applications.

Triangle has developed a developer-friendly API that simplifies wallet integration for users who may not be highly technical, thereby broadening the accessibility of blockchain technology. The company has received backing from notable investors, including Chamath Palihapitiya of Social Capital and DCG.