After stablecoin push, Stripe acquires crypto wallet developer Privy

Stripe has purchased Privy, aiming to advance in the cryptocurrency sector. Privy will remain an independent entity within the Stripe ecosystem, facilitating integrations while leveraging additional resources for growth.

In 2024, Stripe plans to support USDC transactions as interest in stablecoins from traditional banks rises. The stablecoin market is valued at over 250 billion USD, indicating significant growth potential in the financial landscape.

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