Stripe Expands Crypto Push, Acquires Wallet Provider Privy Post $1B Stablecoin Move
Stripe has acquired crypto wallet provider Privy shortly after completing a $1 billion purchase of stablecoin firm Bridge, signaling its deeper push into digital assets.
Privy will continue operating independently, aiming to accelerate development under Stripe. Previously, Stripe bought Bridge—the issuer of the USDB stablecoin, backed by assets held by BlackRock—to scale stablecoin use for global payments. Stripe President John Collison noted that banks are increasingly keen on integrating stablecoins, seeing them as a lasting innovation rather than a passing trend.
Clever Robot News Desk 13th June 2025
