Stripe just locked down the entire crypto stack

First Bridge for $1.1B. Now Privy, a leading crypto wallet company.

It's another chess move that positions them for dominance of the stablecoin revolution.

Here's why:

Privy has 75M accounts and enabled "billions in transactions" since 2021.

Last valued at $230 million in March 2025.

Where it gets interesting:

Stripe didn't just buy a wallet company.

They assembled the full infrastructure stack:

8 million merchants ready to plug in 🤯

"Money has to reside somewhere, and Privy builds the world's best programmable vaults," said Stripe CEO Patrick Collison

"Programmable vaults" combine crypto infrastructure with familiar Web2 flows.

So what?

Stripe isn't building crypto tools.

They're rebuilding the entire financial stack.

I've been watching this space for years.

Every "crypto goes mainstream" story felt forced.

Now, stablecoins & payments emerge as the killer use case.

Remember: Stablecoin transfers hit $27.6 trillion in 2024 – more than Visa and Mastercard combined.

The infrastructure is finally ready. The demand is proven.

And now Stripe owns both the pipes AND the user experience.

We're about to see crypto wallets everywhere - and most users won't even know they're using them.

That's exactly how it should be.

take care,

Marc

PS: Read our stablecoin deep dive below.

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