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- Stripe acquired crypto wallet provider Privy, which supports over 1,000 teams and up to 75 million wallets worldwide.
- Privy will remain independent while Stripe integrates its tech to expand cross-border crypto and stablecoin payments.
Stripe has made another surprising move—this time by acquiring Privy, a crypto wallet infrastructure startup that has handled between 50 and 75 million wallets in the past few years and is trusted by more than a thousand developer teams worldwide.
For some people, it may sound like a backend affair that is far from everyday life, but imagine if you could buy NFTs or send USDC just by logging in to the application, without having to fiddle with extensions or copy-paste wallet addresses. Well, that’s the advantage that Privy is trying to bring.
1/ Today, we're proud to announce that Stripe is acquiring Privy.
We couldn’t be more excited.
Privy will continue as an independent product – but now we’ll move faster, ship more, and serve you even better, so you can stay focused on your users. pic.twitter.com/8CHJqhqYy7
— Privy (@privy_io) June 11, 2025
No Full Merger: Stripe Keeps Privy on Its Own Track
The acquisition value was not officially announced, but internal sources said Privy’s last valuation was around $230 million. Interestingly, Stripe will not merge Privy completely into the company. Instead, Privy will continue to operate independently, as Stripe did when it acquired stablecoin startup Bridge.
This kind of strategy seems to be Stripe’s way of maintaining the original character of the startup while still utilizing its technology to build a broader ecosystem.
Big Banks, Stablecoins, and a Push Toward Simpler Global Payments
This isn’t the only move by Stripe this year. On June 2, Stripe had discussions with several major banks to explore the use of stablecoins in cross-border payments. In the discussion, Stripe CEO Patrick Collison highlighted how stablecoins could cut costs and speed up international transfers—two classic pain points in traditional payment systems.
Not only that, the previous month, on May 7, Stripe also launched a new feature called “Stablecoin Financial Accounts.” With this feature, businesses in more than 100 countries can now store, receive, and send funds in stablecoins such as USDC or USDB, directly from the Stripe dashboard.
This feature could be an interesting solution for small to medium-sized businesses that want the flexibility of fiat and crypto payments without the hassle of complicated technical setups.
Still not enough? Back in April, Bridge partnered with Visa to launch a card that allows users to make purchases using stablecoins. Your USDC balance can be instantly converted and spent at over 150 million Visa merchants worldwide, without the need for manual exchange to local currency. It would have been hard to believe a few years ago, but now, Stripe seems to be building a real bridge between the traditional and digital worlds.
In the big picture, Stripe’s purchase of Privy isn’t just about patching together features. It’s about building a more seamless user experience. Crypto wallets are no longer about storing private keys in a mysterious app, but about how users can use them right away—almost without even realizing they’re interacting with the blockchain.
