According to CNBC, payment company Stripe officially completed the acquisition of stablecoin infrastructure company Bridge on Tuesday for $1.10 billion. This is Stripe's largest acquisition to date and marks a major layout in the stablecoin field. Bridge's team of about 60 people has completed onboarding at Stripe's headquarters in San Francisco. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of directly accessing digital assets. Its clients include...
US President Donald Trump officially announced tariffs on China, Canada, and Mexico, the three largest sources of US imports, on the 1st, sparking fears of a trade war. On the 2nd local time, Trump admitted that Americans "may" feel the economic "pain" from the tariffs, but at the same time claimed that it is the "price" of making America great again. "The United States has huge deficits with Canada, Mexico, and China (and almost all countries!)...