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US-based payment processing company Stripe has been planning to acquire Privy crypto. Privy is a web3 wallet infrastructure provider, aiming to further expand its Web3 capabilities.
The value of the deal has yet to be announced by either party; however, Privy officially confirmed the acquisition yesterday (11 June). Stripe’s CEO, Patrick Collison, has also confirmed the deal via an X post, commenting on Privy’s announcement.
ya stripe buying privy is a pretty big deal for crypto pic.twitter.com/y6sRkebdXI
— threadguy (@notthreadguy) June 11, 2025
Stripe’s Acquisition Of Privy Crypto Bullish For The Future Of Digital Assets
This acquisition comes as Stripe’s long-term strategy. It aims to optimize how blockchain technology and tools are integrated into mainstream digital products.
Privy develops embedded wallets for apps and websites. It mitigates the need for users to have to sign up for the multitude of external crypto wallets.
Privy have some huge web3 and web2 clients; including decentralised exchange Hyperliquid, restaurant loyalty firm Blackbird, and HR platform Toku. There firms utilize Privy in order to improve onboarding and minimize user drop-off on their platforms.
Since launching in 2021, Privy has expanded exponentially, with the company stating that it now supports over 75 million accounts across more than 1,000 teams. Privy has confirmed it will continue to operate independently, but will be integrated into Stripe’s suite of crypto tools.
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Privy can fast-track its work on optimizing the crypto landscape and offer fresh functionality to customers in addition to being absorbed under the Stripe umbrella. The acquisition is rumored to finalize in the upcoming weeks, which will likely see the financials surrounding the deal announced.
With Stripe acquiring Privy, it comes as part of a larger recent move from web2 comapnies buying or incorporating web3 products into their platforms. KaitoAI has recently expanded into Instagram and TikTok, X just announced it will be integrating predicition platform Polymarket.
These are just a few of the bigger examples that mainstream adoption is here for crypto firms. On top of this, USDC stablecoin issuer Circle just made its debut on the Nasdaq and is up 278% since hitting the stock market on June 4, per Yahoo Finance.
(SOURCE)
Stripe Becoming A Big Player In The Web3 Space With Its Second Crypto Acquisition Of 2025
The acquisition of Privy is the second deal with a crypto company for Stripe in 2025. The payments firm successfully finalized a transaction with stablecoin payment platform Bridge in February this year.
Via that move, Stripe and Bridge aim to scale the capabilities of dollar-backed stablecoins and offer them to businesses, regardless of their location. Also, the acquisition of Bridge kickstarted Stripe’s pivot to focus on the digital asset sector.
1/ We’re thrilled to announce that Bridge is joining forces with Stripe.
Together, Bridge and Stripe will accelerate the adoption and utility of stablecoins – we'll make money easier to move, store and spend for everyone, in every country.
— Bridge (@Stablecoin) October 21, 2024
It came after a six-year absence from offering any form of crypto-related services as part of its platform. The purchase of Privy is another huge boost for crypto adoption. Especially when taking into account Stripe being valued at $91.5 billion while processing $1.4 trillion in payments.
As part of this web3-based strategy, Stripe recently started building a new USD-backed stablecoin product for companies based outside of the US, the UK, and Europe.
The strategy is aimed at scaling the footprint of USD for customers and businesses globally, utilizing blockchain technology to reduce cross-border obstacles that often come with TradFi payments.
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Solaxy (SOLX) is basically raising $1 million per day in its super-successful presale, with investors scrambling to secure a bag of SOLX before the ICO comes to an end in just four days.
The reason for Solaxy being one of the biggest presales of 2025 is purely down to the teams continuous announcements.
As of today, Solaxy is building a full suite of products. A recent announcement was that a bridge is being developed for seamless movement between Ethereum, the Solana mainnet, and Solaxy’s Layer-2 chain. This is being developed in collaboration with Hyperlane.
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There are just four days remaining until the Solaxy presale comes to a close, with multiple DEX listings and possibly a CEX listing or two on the way for SOLX during its token generation event (TGE).
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Payments giant Stripe acquires web3 wallet platform Privy
- Stripe continues its pivot into web3 after purchasing crypto firm Bridge in February 2025
- Solaxy (SOLX) hits $48m in presale funding after announcing a token launchpad, DEX, bridge and token launchpad
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