Bridge, a web3 payment firm founded by former Coinbase and Square employees, has successfully raised $58 million in funding. The company, backed by notable investors such as Sequoia, Ribbit, Index, and Haun Ventures, is developing a stablecoin-powered platform for money movement. This platform will facilitate various financial services including payouts, cross-border payments, and foreign currency exchanges. Bridge has already established a partnership with Bitso for business-to-business cross-border payments using stablecoins in Latin America. Additionally, Bridge is enhancing its offerings with stablecoin Orchestration and Issuance services, which include APIs for converting between dollar formats and customizing stablecoins for developers.