News linked to both this project and an event.
Odaily reports: Patrick Collison posted on X that more than a year after Privy joined Stripe, its wallet asset scale has grown to about 25 times its previous level, its number of monthly active developers has grown about 3 times, and its revenue has grown about 9 times. It currently facilitates nearly $25 billion in transactions per month. Companies such as Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is integrating Privy into Treasury, Link, and Connect, and plans to launch a Link balance feature. Privy's wallet infrastructure already supports AI agents in conducting transactions and earning income. Stripe, together with Privy, Bridge, and other businesses, is building a unified API to support holding stablecoin balances and earning yield, fiat funding inflows and outflows, and arranging spending through bank cards.
on October 14, Tempo announced that payroll platform Deel has become the first customer to use its Zones privacy system in a production environment, with contractor balances and payment histories no longer publicly visible. Funds deposited into a Zone by Deel's treasury department remain visible on the public network, but contractors' recipients, payment amounts, and asset holdings remain private; contractors can view their own balances, while Deel retains access for reconciliation and auditing purposes.Each Zone maintains a private ledger and connects to the Tempo public network through a portal that holds endorsed assets. Deposits and withdrawals still leave records on the public network, including token amounts and public network addresses. Operators can read the private ledger, restrict participants and supported assets, and enforce token issuers' transfer policies. This integration adds privacy features to Deel's existing wallet, which was opened to eligible contractors in over 80 countries in August; embedded wallet service provider Privy supports Zones through its API.
Privy has launched a stablecoin card prebuilt component, enabling applications to embed a cardholder experience with a single integration, and has partnered with Stripe to issue stablecoin cards. The service currently covers more than 25 card issuing markets and plans to expand to over 100 by the end of the year. Users can spend directly using their Privy wallet or DeFi vault balances without needing to pre-transfer funds to a separate card account. The card issuer is Lead Bank, program management is handled by Bridge, and Stripe provides issuance services.