Empire Bridge Founder on Their $1.1B Stripe Acquisition | Zach Abrams
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Nov 5, 2024 Zach Abrams, founder of Bridge and expert in stablecoin infrastructure, shares insights on building a billion-dollar company in 18 months before the Stripe acquisition. He discusses the pivotal role of stablecoins in enhancing financial transactions and reducing fraud to less than 0.01%. Zach reveals his vision for the future, suggesting that major companies may soon launch their own digital currencies. He also reflects on the strategic decisions that enabled Bridge's rapid growth and the importance of collaboration in navigating the complexities of the crypto space.
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Stablecoins: Room Temperature Superconductors for Finance
- Stablecoins offer greater efficiency and scalability compared to traditional fiat for moving value globally.
- This unlocks new use cases and economic activity due to reduced friction and costs.
Prioritizing Compliance
- Bridge achieved remarkably low fraud rates (under 0.01%) despite handling billions in transaction volume across complex, cross-border payments.
- They prioritized long-term reputation and regulatory compliance over short-term gains by being selective with partners.
Focus on Active Developers
- Focus on active developers moving money as your key performance indicator (KPI).
- Volume is a secondary metric that follows active developer engagement and product usage.