Stripe, a global payment processor, has acquired Privy, a cryptocurrency wallet infrastructure developer, for an undisclosed amount. This acquisition comes after Stripe’s significant entry into the stablecoin market in 2024.
Privy, founded in 2021, specializes in developing infrastructure for crypto wallets. It provides tools that allow businesses to integrate secure, self – custodial wallets directly into their apps and websites, reducing the friction for new crypto users. The company claims its technology supports more than 50 million crypto wallets worldwide.
Stripe’s move into stablecoins began last October when it allowed merchants to accept stablecoin payments through USDC (USD Coin). Since then, it has gained momentum in the stablecoin payment space, rolling out stablecoin accounts to clients in over 100 countries. In May, Stripe announced the launch of stablecoin financial accounts, enabling businesses to hold balances in stablecoins and receive funds via both crypto and fiat rails.
The acquisition of Privy is the latest step in Stripe’s growing focus on digital assets. Privy will continue to operate as an independent product within the Stripe ecosystem. As part of Stripe, it will “keep building for developers working on crypto rails, now with more resources, flexibility, and firepower,” the company said.
This acquisition follows Stripe’s $1.1 – billion purchase of stablecoin platform Bridge earlier in 2025, which laid the groundwork for its stablecoin – powered money management tools. Stripe’s crypto strategy aims to simplify the use of stablecoins and integrate them into traditional financial systems. With Privy on board, Stripe can offer a seamless interface for businesses to accept crypto payments and provide crypto wallets, without relying on external wallet providers like MetaMask or Coinbase.
The deal is expected to close in the coming weeks. Financial terms of the Privy acquisition were not disclosed.
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