What is Bridge?
What Bridge is built for
Bridge is designed to let a business accept a stablecoin payment and settle it to a traditional bank account in fiat, or pay out to a recipient in a different currency. It sits in the category of "stablecoin orchestration" or "crypto-to-fiat" infrastructure rather than being a consumer wallet or a chartered bank.
Why it matters for freelancers and gig workers
A freelancer paid in a stablecoin by an overseas client often needs the value to reach a USD bank account. Services like Bridge aim to handle the conversion and the payout rails. The freelancer should still verify the provider named in the transaction, the conversion rate, the fees, the timing, and the records produced.
Bridge is not a bank
Bridge is a payment-technology company, not a chartered bank and not an FDIC-insured institution. Digital assets and stablecoins are not bank deposits, can lose value (including loss of the peg), and are not FDIC insured. Read the FDIC's fact sheet on crypto and deposit insurance.
How this relates to Kronos
Kronos is an iOS money app for gig workers and freelancers. KronosPay LLC is a financial technology company, not a bank or lender. Any digital-asset feature in the app is provider-dependent: the current app flow identifies the provider, asset, network, fees, timing, custody, and protections before you approve an action. Read the bank-status page.
Related glossary terms
Primary sources
General educational information only; not financial, tax, or legal advice. Bridge and Stripe are trademarks of their owners; this independent definition was not sponsored, reviewed, or endorsed by either company.