Stripe Acquires Crypto Wallet Developer Privy for Strategic Expansion

Payment giant Stripe has acquired Privy, a company specializing in cryptocurrency wallet infrastructure, marking the latest step in its strategic shift toward digital assets. This acquisition brings Privy’s technology and expertise under the broader Stripe ecosystem, promising increased support and resources for developers building on crypto rails. 100+ countries have already adopted stablecoin accounts through Stripe as USDC becomes a more common payment method. The company is now actively pushing for wider adoption of stablecoins with banks increasingly showing interest in their integration into their products.