stripe

Patrick Collison, co-founder of Stripe, stated that since Privy joined Stripe more than a year ago, the asset scale in its wallet has increased to about 25 times, the number of monthly active developers has grown to about 3 times, and revenue has increased to about 9 times, currently facilitating nearly $25 billion in transactions each month.Companies like Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is deeply integrating Privy into Treasury, Link, and Connect to accelerate global expansion and feature development, and plans to launch the Link balance feature. Privy's wallet infrastructure also supports AI agents to conduct transactions and earn revenue, with related applications including Merit Systems and Nevermined. Collison expects the agent economy to continue to grow rapidly. The two parties are building a unified API to support holding stablecoin balances and earning yields, fiat fund transfers in and out, and arranging expenditures via bank cards. Collison also mentioned that there is still a lot of work to be done on the integration between Privy, Bridge, and other Stripe businesses.

Stripe announced a collaboration with Plasma to develop a multi-currency stablecoin card, aimed at allowing individuals and businesses to spend the currencies they already hold in their accounts, reducing unnecessary currency conversion and foreign exchange costs. Plasma will serve as the design partner, integrating with Stripe's stablecoin card infrastructure, enabling customer account balances to be used for payments through the multi-currency card.The expanded infrastructure will support US dollars, Brazilian reais, euros, Mexican pesos, and Colombian pesos; stablecoins include USDC, OUSD, and qualified stablecoins that meet the requirements of the GENIUS Act. The Stripe stablecoin card service currently covers over 30 countries, with plans to expand to over 100 countries by 2027.For example, users holding euros will be able to spend directly in euros in the future, without needing to convert to US dollars first; businesses can issue currency cards that match their spending needs. Stripe also plans to support cardholders in spending from multiple account balances and automatically selecting the appropriate currency at the time of purchase.

AI financial software Fragment announced on Wednesday the completion of a $12 million Series A funding round. This round is set to close in mid-2025, led by FirstMark and BoxGroup. The company's CEO Thomas Neckel did not disclose the post-round valuation.Fragment was founded by Thomas Neckel, with co-founder and CTO being former Robinhood engineer Varun Mohan. Developers can integrate Fragment into their own software, which uses double-entry bookkeeping to verify the sources and uses of funds, confirming account balances before funds move. Neckel stated that the product is a financial building block for automating business activities for agents.The company previously completed a $11 million seed round led by Stripe, with participants including BoxGroup, as well as Uber CEO Dara Khosrowshahi and Plaid CEO Zach Perret. Fragment claims to currently have about 50 to 60 paying customers, including Ramp, BILL, and Whop, for sharing transaction records and reducing manual reconciliation. FirstMark managing partner Adam Nelson stated that the goal is to become the standard toolkit for providing financial capabilities to agents.

Ripple announced the integration of the wallet technology from Privy, a subsidiary of Stripe, into the XRP Ledger, allowing financial applications and AI agents to create accounts, hold cryptocurrency assets, and complete payments without users needing to manage wallet software themselves. Developers can create wallets within their own products and authorize transfers involving XRP, the US dollar stablecoin RLUSD issued by Ripple, and other network assets. Privy is responsible for the wallet infrastructure, reducing the workload for application developers while supporting the export of private keys or mnemonic phrases for wallet migration to other platforms.This integration also allows AI agents or automated bots to hold funds and automatically pay for online data and service fees. Privy documentation states that wallets running on enterprise servers can allow software to hold and spend funds, including purchasing data access services through the x402 payment standard. J. Ayo Akinyele, head of engineering at RippleX, stated that the network has processed over 13 million agent payments via x402, accounting for about 25% of ledger activity. Data from the XRPL AI Hub operated by payment infrastructure developer t54 shows that as of Wednesday, cumulative transactions exceeded 14.3 million, covering 169 registered merchants.However, the cumulative transfer amount is much smaller than the scale suggested by the number of transactions, with the dashboard recording cumulative payments of approximately 6,991 XRP and 12,752 RLUSD, most transaction amounts being very small. Ripple began providing related tools to developers in June and expanded support for payment standards developed by Stripe and payment blockchain Tempo in September.

According to Forbes, venture capitalist Alex Lazarow wrote that in the past two years, Stripe, Mastercard, and Circle have acquired American stablecoin infrastructure company Bridge, British BVNK, and Singapore cross-border payment platform Tazapay, respectively, with a total transaction value exceeding $3 billion. These three companies were established between 2020 and 2022, raising a total of approximately $200 million, indicating that stablecoin payment infrastructure is becoming a field where traditional payment giants and cryptocurrency companies are competing to establish a presence.Among them, Stripe announced in 2024 that it would acquire Bridge for slightly over $1 billion; the total value of Mastercard's acquisition of BVNK could reach up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the transaction expected to be completed in 2027. The growth in stablecoin adoption, the gradual clarification of regulatory frameworks, and the rising demand for real-time cross-border payments are the main factors driving mergers and acquisitions.Data shows that in 2025, the adjusted transaction volume of stablecoins is expected to grow by 91% year-on-year, reaching $10.9 trillion, close to Visa's $14.2 trillion; the scale of real-world payments is expected to more than double, reaching approximately $390 billion. These transactions reflect that acquirers value not only stablecoin technology but also verified business scale, payment networks, and compliance qualifications.As stablecoin payment infrastructure matures, applications such as dollar accounts, stablecoin payment cards, and cross-border remittances are also emerging, and in the future, more local infrastructure companies similar to Bridge and BVNK may be acquired in various regions around the world.

According to CoinDesk, global payment company Stripe is expanding its stablecoin card business worldwide, betting that the digital dollar can become another payment method for consumers and businesses beyond traditional currency.Henri Stern, head of Stripe's stablecoin and crypto business, stated that the company expects its stablecoin card program to cover over 100 countries by the end of the year. Current clients include cryptocurrency exchange Kraken, fintech company Ramp, and payment app Morse. According to Paymentscan data, the stablecoin spending through cards last month was approximately $1.2 billion, doubling from a year ago.Stern mentioned that Stripe's strategy is to integrate stablecoins into its existing infrastructure. Since 2018, the company has issued over 400 million cards, processing hundreds of billions of dollars in card transaction volume. Its stablecoin business combines card issuance with the stablecoin infrastructure company Bridge, which was acquired for $1.1 billion in 2024.Additionally, Stripe has acquired the crypto wallet infrastructure company Privy and partnered with crypto investment firm Paradigm to develop a blockchain called Tempo specifically designed for payments, while also being a founding investor in the Open Standard that is developing Open USD.Stern noted that many projects currently use Circle's USDC, but Stripe intends to remain "completely stablecoin neutral and completely blockchain neutral." He stated that stablecoins should be another option within existing products for businesses, rather than a separate crypto technology stack that needs to be learned.

Open Standard announces the official launch of the dollar stablecoin OUSD, allowing enterprises and developers to use OUSD to build internet-native financial services and products such as banking, cross-border payments, settlement, and institutional trading.OUSD currently offers 4 integration paths, with related APIs and tools covering services such as settlement, payment orchestration, trading, foreign exchange, wallets, and bank cards. All channels support free minting and burning of OUSD at a 1:1 dollar exchange rate. Enterprises can currently access it through the Mastercard, Stripe, and Visa Stablecoin Platform, with Coinbase integration set to open on October 1.OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms such as Coinbase, Kraken, and Uniswap. OUSD is issued by Bridge, a subsidiary of Stripe, with reserve assets held at BlackRock, Lead Bank, and Bank of New York Mellon, with reserve proofs to be published monthly. Open Standard currently has over 200 financial institutions, fintech companies, banks, and global corporate partners.

According to Digital Asset, global payment company Stripe has added support for Samsung Pay on the Android side for its cryptocurrency fiat purchase service Crypto Onramp in the React Native SDK version 0.75.0, covering payment configuration, availability checks, payment method collection, and integration examples.Android applications developed with React Native can access Samsung Pay, allowing users to purchase cryptocurrency using fiat currency through this payment method. Previously, the service supported payment methods such as credit cards, debit cards, Apple Pay, Google Pay, and ACH bank transfers.

Ripple announced the expansion of its XRP Ledger developer suite to support the Machine Payment Protocol (MPP) co-developed by Stripe and Tempo, as well as the open wallet standard. The XRPL AI Starter Kit version 1.1 adds this support, enabling AI agents to use tokens like XRP and RLUSD to pay for online services such as data and computing power. Jazzi Cooper, head of RippleX products, stated that Ripple's goal is for XRP and RLUSD to become the preferred payment options for developers when building applications.MPP allows AI agents to pay on demand: the service provider quotes a price for the request, and after the agent authorizes the payment, the service provider delivers the resources. This standard was co-authored by payment company Stripe and payment chain Tempo. Ripple has supported another network payment standard, x402, since June, and now supports both standards simultaneously. The open wallet standard allows agents to initiate transactions without accessing private keys and includes security mechanisms such as spending limits and whitelisted destinations.XRP payment channels are suitable for small, high-frequency payment scenarios, allowing agents to deposit XRP once, run hundreds of payment queries, and authorize small expenditures sequentially, enabling the service provider to collect cumulative payments without having to put each query on-chain. Currently, single payments support tokens like RLUSD, but continuous payment sessions are limited to XRP, and incorporating stablecoins into the channel depends on the proposed ledger upgrade. This payment software is still in the testing phase.

Decentralized wallet infrastructure service provider Privy has launched a stablecoin card prefab component. The project can be embedded into the cardholder experience within the application after a single integration, and it collaborates with Stripe to issue the stablecoin card. The official statement claims that it currently covers over 25 issuing markets, with plans to expand to over 100 by the end of the year.Users can spend directly from their Privy wallet or DeFi vault balance without needing to pre-fund a separate card account. The issuing bank is Lead Bank, the project manager is Bridge, and Stripe provides the issuance services.

Gate, the global cryptocurrency exchange, has launched the Gate Card, a Visa prepaid card product, in collaboration with Bridge and Stripe, significantly reducing the implementation period to about 6 months, compared to the over one year estimated by traditional banking partners.The Gate Card is issued by Lead Bank and allows users to top up with stablecoins and spend on the global Visa network. The card can be added to Apple Pay and Google Wallet. Previously, Gate had launched card products in overseas markets, but faced complexities related to compliance and multi-party coordination in the U.S. market.Gate US COO Laura Lui stated, "Bridge serves as a critical coordinating layer among different participants, allowing Gate US to focus on customers, product experience, and overall business strategy." Gate US views the Gate Card as an early step in a broader stablecoin payment strategy, with potential plans to issue its own stablecoin in the U.S. through Bridge's stablecoin platform in the future.

According to Bloomberg, citing informed sources, a consortium formed by private equity firm Advent and payment processor Stripe has decided to abandon its acquisition of fintech pioneer PayPal Holdings Inc. This potential deal could have become one of the largest leveraged buyouts in history.Informed sources said that the group is no longer pursuing the acquisition of PayPal. Previously, insiders had indicated that the consortium had made an offer of over $50 billion. Relevant individuals requested anonymity as the information has not been made public.

According to Security Affairs, Ransomnews researchers have recorded a large-scale Stripe merchant API key leak incident, with keys exposed in public code repositories, GitHub Actions logs, and misconfigured web servers, identifying over 50,000 unique keys in total. Sample tests show that a significant portion is still active, allowing attackers to commit fraud within hours.The report states that on August 18, 2026, a data trading forum released a dataset containing valid Stripe API keys for 659 merchant accounts and approximately 35 GB of customer and payment data. Ransomnews has conducted offline analysis and reported it to Stripe before publication. Stripe itself was not breached; the keys belong to the merchants. Researchers were able to access merchant customer lists, create fraudulent payment links, and complete a $1 test charge within 17 hours after discovering valid keys.Valid keys can list customers and stored payment methods, create charges and payment intents, initiate refunds to attacker-controlled accounts, modify webhook endpoints to intercept payment notifications, and access associated accounts when Stripe Connect is enabled. The main sources of the leak include hardcoded keys in GitHub repositories and unignored .env files, unmasked environment variables in GitHub Actions build logs, and about 12% of over 3,000 misconfigured servers containing usable keys.