Global stablecoin payment network Bridge announced the closing of a $58 million funding round, aiming to disrupt traditional payment systems. Founded by Zach Abrams and Sean Yu, formerly of Square and Coinbase, Bridge has processed over $5 billion in annualized payments, working with high-end clients such as Elon Musk's SpaceX, providing global receivables services across regions and currencies, and facilitating fund transfers into its global treasury through stablecoins. This round of funding includes a $40 million investment led by Sequoia and Ribbit, further demonstrating market confidence in Bridge’s potential and prospects as a stablecoin payment network.