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Stripe has agreed to acquire crypto wallet startup Privy marking another bold step in its expansion into digital assets. This follows its recent $1.1 billion purchase of stablecoin platform Bridge as reported by Bloomberg. While the Privy deal’s financial terms remain undisclosed it reflects Stripe’s deepening interest in building crypto-friendly tools for businesses.
Privy launched in 2021 helps companies integrate crypto wallets directly into their platforms making onboarding smoother for users. Clients include NFT giant OpenSea loyalty app Blackbird and HR firm Toku. Privy removes the need for third-party wallet setups which often disrupt user experience. The startup was last valued at $230 million in March 2025.
Stripe confirmed Privy will continue to operate independently like Bridge. This move enhances Stripe’s goal to provide end-to-end crypto infrastructure. It also supports Stripe’s growing stablecoin projects such as merchant accounts funded by USDC and USDB. The acquisition is expected to finalize in the coming weeks.
