Stripe is expanding its stablecoin card programs to more than 100 countries by year-end, according to Henri Stern, CEO of Privy and head of stablecoins and crypto at Stripe.
Stripe acquired Privy in 2025 and previously bought Bridge, a stablecoin infrastructure company, for $1.1 billion in 2024. The company has issued more than 400 million cards and processed hundreds of billions of dollars in card volume since 2018.
Current stablecoin card customers include crypto exchange Kraken, fintech Ramp, and payments app Morse. The expansion allows companies like Ramp to extend services to new countries using stablecoins rather than rebuilding traditional banking connections market by market.
Growing Payment Volume
Stablecoin card spending reached approximately $1.2 billion last month, according to PaymentScan, representing a threefold increase from a year earlier. This growth reflects a shift in use cases beyond crypto trading and cross-border transfers toward everyday purchases.
Multi-Asset Approach
Stripe intends to remain agnostic regarding which stablecoins and blockchains it supports, according to Stern. Many current programs use Circle's USDC, but Stripe aims to let customers choose their preferred digital assets and infrastructure.
Stripe is also exploring tokenized deposits and decentralized finance use cases, though Stern noted that stablecoin payments represent the bulk of the company's current work in this area.
The company has partnered with crypto investment firm Paradigm to develop Tempo, a blockchain designed for payments, and is a founding investor in Open Standard, which is developing Open USD, a stablecoin.
