Stripe appoints Privy CEO Henri Stern to lead crypto initiatives

Privy: Privy is a wallet infrastructure platform founded by Henri Stern. Stripe acquired it in June 2025, and Stern will continue leading the platform alongside his expanded responsibilities at Stripe. Privy supports digital wallet experiences that integrate with broader crypto and stablecoin infrastructure. Stripe: Stripe is a financial infrastructure company focused on payment processing and related services for businesses. It recently acquired Privy and appointed the company's CEO to lead its crypto and stablecoin initiatives, aiming to develop an integrated platform combining crypto and fiat rails, wallets, payments, and asset issuance. The company emphasizes open systems, compliance, utility, interoperability, and improved end-to-end experiences for business adoption of stablecoin infrastructure. Henri Stern: Henri Stern is the founder and CEO of Privy, the wallet platform. He is assuming leadership of Stripe's crypto and stablecoin efforts while continuing to head Privy following its acquisition by Stripe. Stern is guiding priorities toward a comprehensive, open stablecoin developer platform that integrates multiple financial rails. `json { "Stablecoin Platform Development": "Stripe is building a comprehensive stablecoin developer platform that integrates crypto and fiat rails, wallets, payments, and asset issuance, focusing on utility, interoperability, and end-to-end experiences.", "Global Expansion Focus": "Stripe is working on developing stablecoin infrastructure to support international business use cases with open and compliant systems.", "Industry Collaboration": "Stripe emphasizes interoperability and business utility in its stablecoin initiatives." } `