Sea 🐸
Sea 🐸|Jun 12, 2025 04:04
Payment giant Stripe has acquired Bridge and Privy successively, demonstrating a strong determination to enter the field of encrypted payments. The entire landscape is becoming increasingly complete: using Privy to help developers easily manage each user/merchant's exclusive wallet (acquiring/paying), and then seamlessly converting fiat and stablecoin through Bridge, ensuring compliance. Stripe is a new giant in the FinTech x SaaS field founded in 2010, with a valuation of over $90 billion. The acquisition of @ Stablecoin was announced on October 21, 2024 and was completed in February of this year for $1.1 billion. The core business of Bridge is to provide stablecoin API, helping global enterprises achieve seamless conversion between fiat currency and stablecoin, supporting cross-border payments, stablecoin issuance and custody, and other scenarios, Make money move。 It also has relevant licenses in 48 states in the United States and other countries. The acquisition amount for @ privy_io may range from $300 million to $500 million, while Privy's previous valuation was $230 million. Privy's core business is to provide wallet APIs, helping a team of over 1000 developers integrate Web3 wallets into their apps with just one click. Over 750000 users can quickly obtain a Web3 wallet by logging in with email/phone number without the need to manage private keys/mnemonics, accelerating onboarding for more users to the blockchain.
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