Privy Partners with Stripe to Launch Debit Card Directly Linked to DeFi Vaults

Digital asset infrastructure provider Privy announced that developers can now issue payment cards directly connected to users' DeFi vaults. When users make purchases with the card, transactions are settled in stablecoins. Wallets grant a one-time approval for Stripe to withdraw shares from the vault, completing redemption, unpacking, and settlement without the need for manual withdrawal steps. Privy stated that users' funds will continue to generate yields in the vault until the moment of payment. The card is issued as a prepaid Visa debit card by Lead Bank through Stripe, and Privy has opened an early application channel for onboarding teams.