Payment giant Stripe has acquired Bridge and Privy in succession, demonstrating a strong determination to enter the cryptocurrency payment space, and its overall landscape is becoming increasingly complete: using Privy to help developers easily manage each user's/merchant's exclusive wallet (acquiring/payment), and then using Bridge as a bridge for seamless conversion between fiat and stablecoins, while remaining compliant.

◦ Stripe is a new giant in the FinTech × SaaS field established in 2010, with a valuation exceeding $90 billion.

◦ The acquisition of @Stablecoin was announced on 2024/10/21 and completed in February this year, with an amount of $1.1 billion.

◦ Bridge's core business is providing stablecoin APIs to help global enterprises achieve seamless conversion between fiat currency and stablecoins, supporting scenarios such as cross-border payments, stablecoin issuance, and custody, making money move. It also holds relevant licenses in 48 states in the U.S. and other countries.

◦ The acquisition amount for @privy_io is likely in the range of $300 million to $500 million, with Privy’s last valuation at $230 million.

◦ Privy's core business is providing wallet APIs, helping over 1,000 developer teams to integrate Web3 wallets into apps with one click, allowing over 75 million users to quickly obtain a Web3 wallet after logging in with their email/phone number without needing to manage private keys/mnemonic phrases, accelerating onboarding for more users onto the chain.