Digital payments giant Stripe further expands into cryptocurrency with acquisition of Privy.
Stripe Bolsters Stablecoin Strategy with Acquisition of Crypto Wallet Provider Privy
In a move to integrate stablecoins more deeply into global payments and treasury management, Stripe has announced the acquisition of crypto wallet provider Privy. This acquisition follows Stripe's earlier $1.1 billion acquisition of stablecoin infrastructure firm Bridge in early 2025.
The Privy acquisition complements Stripe’s efforts to make stablecoins a seamless "scaling layer" on top of traditional financial infrastructure. With Privy's protocols, clients can build crypto wallets embedded directly into their platforms, enabling a smoother transition between fiat and crypto systems.
Stripe's Bridge-Visa card product further enables businesses and consumers to spend stablecoins seamlessly at over 150 million merchants worldwide, abstracting away the complexity of blockchain transactions. Clients can also convert stablecoins, manage balances, earn yield, and off-ramp funds to U.S. bank accounts efficiently.
Stripe's latest initiatives accelerate the adoption and utility of stablecoins. By integrating crypto wallets, payment cards, and treasury tools, Stripe aims to reduce legacy financial friction and support the scaling of digital assets in global commerce.
Industry analyses highlight that this migration toward stablecoin-based payment infrastructure is outpacing legacy card networks like Visa and Mastercard in transaction volume. Stablecoins processed an estimated $27.6 trillion annually by 2025, growing rapidly due to advantages like lower costs, faster settlement, and suitability for cross-border payments.
This momentum is reshaping digital assets markets by positioning stablecoins as critical infrastructure for global payments, treasury management, and remittances across multiple regions, including Latin America, Africa, Brazil, and Turkey.
Stripe stands apart from other crypto platforms through enterprise-grade, compliant products. The company has also partnered with Coinbase to allow users to receive payouts and convert fiat into stablecoins like Circle’s USDC and Pax Dollar.
PayPal, too, has ventured into the stablecoin market with the launch of its PYUSD coin two years ago. However, it has yet to capture significant market share compared to companies like Tether and Circle. The addition of an embedded crypto wallet could further solidify Stripe's position in the digital assets space.
The acquisition details of Stripe and Privy have yet to be disclosed. Stripe previously attempted bitcoin payments years ago but stopped due to the intensive demands of processing crypto. With the acquisition of Privy and Bridge, Stripe is poised to re-enter the crypto space with a more robust and compliant infrastructure.
Sources: 1. TechCrunch 2. The Block 3. CoinDesk 4. Bloomberg 5. Cointelegraph
In line with Stripe's aim to integrate stablecoins into global payments and treasury management, the acquisition of Privy, a crypto wallet provider, is a strategic move to create a seamless scaling layer on top of traditional financial infrastructure using technology. With this acquisition and Stripe's existing partnerships, the company intends to reduce financial friction and support the scaling of digital assets in commerce.
