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At Privy, defense in depth has always been central to how we build.
As AI changes how software is developed and attacked, we're continuing to invest in the systems and practices that keep our infrastructure secure.
We built pre-approved card UX flows so customers like @UseArtisan can go live in weeks instead of months.
Stablecoin cards have been one of the most-gratifying PMFs in the last crypto meta-cycle; teams small and large are building products their users want.
Many more to come!
Artisan (@UseArtisan) went live in weeks with stablecoin-backed cards* using Privy’s prebuilt components and @stripe Issuing.
Launching a card program* has traditionally meant managing onboarding, KYC, fraud tooling, support, and bank approval across multiple vendors.
Privy’s prebuilt components bring that experience together, with pre-approved UI for onboarding, card creation, transaction history, and card management embedded directly into your product.
With Privy and Stripe Issuing, teams get:
✔️ Prebuilt components that streamline approval + launch
✔️ End-user support, fraud tooling, and pre-approved fund flows
✔️ Just-in-time funding directly from wallet balances
This means users can set up a card in a few taps and spend their stablecoin balance wherever Visa is accepted.*
Get started: privy.io/contact?utm_source=…
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Developers + agents + stablecoin wallets and cards + Link for everything you're doing with Instinct, Muse, etc.
1/ Privy lets developers give AI agents stablecoin wallets to hold funds and pay as they work.
But not all agent wallets work the same way.
With @link Agent Wallet and @stripe Issuing, agents can also spend using saved cards or stablecoin-backed cards.
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Abundance usually gets explained as a list of problems: zoning, permits, licensing, slow approvals.
Here’s what we'd actually get if we fixed them:
Lunch costs $4, like it does in Japan and Singapore. Most US cities require three or four separate sinks, which makes a kitchen under 200 square feet nearly impossible.
Anyone can open an owl cafe or a vegan lesbian bookstore. Japan is full of tiny, oddly specific businesses run by one or two people. They survive because small spaces are cheap and enough people live close enough to walk in.
A room in a big city for $400 a month. These buildings housed millions of low-income and older Americans until cities banned most of them by the 1980s.
A three-bedroom apartment you can stay in after you have a kid. US codes require two staircases in buildings over three stories, so family-sized units only fit on the corners. Most of the world allows one staircase.
A new electric car for about $10,000. China sells these globally. Americans can't buy it.
A government so dependable it's boring. When a loved one dies, you report it once instead of to every agency.
We can decide to make it happen here.
The full list has 16 things, from taco trucks on every corner to no more pandemics. I wrote this to also announce that today is DC Abundance's official launch!
If you’re in DC, come celebrate and see the G.O.A.T. Derek Thompson speak!
Striving daily to keep this true.
Today is probably a good time to check in on things with @privy_io, which became part of @stripe just over a year ago.
Our acquisition was predicated on three factors: stablecoin growth, self-custody as a key enabler of broader global coverage, and rapidly increasing demand for programmable financial infrastructure. As we said at the time, "money has to reside somewhere, and Privy builds the world's best programmable vaults."
Since then, the Privy team has executed exceptionally well: assets in Privy wallets have grown ~25x, monthly active developers are up ~3x, revenue is up ~9x, and Privy now facilitates nearly $25B of monthly transaction volume. @Ramp, @Deel, @Klarna, @felixpago, @HyperliquidX, and thousands of other businesses are building embedded banking functionality on Privy.
At Stripe, we're deeply integrating Privy into Treasury, @Link, and Connect. In each case, it's accelerating our global expansion, and enabling us to build better functionality faster. (Coming soon: @Link balances.)
We're also seeing that Privy's wallet infrastructure is the ideal substrate for agents to transact and earn -- live today with @merit_systems, @orthogonal_sh, @Nevermined_ai, @prlnet, and more. Developers prefer programmable financial infrastructure, but agents need it. We expect that the agentic economy will continue to grow extremely quickly.
The Privy team has maintained remarkable product velocity, with major launches this year including deposit addresses, earning on Privy balances, digital asset accounts, custodial wallets, and Stripe's own stablecoin cards.
It's also been neat to see how Privy has been accelerated by Stripe, with better onramps, @stablecoin payment rails and licenses, Stripe's fiat capabilities and issuing stack, and integration with @Tempo.
Together, we're building one API for holding stablecoin balances and earning yield, moving money in and out of fiat, and orchestrating spend with cards. We still have a lot of work to do, not least in integrating everything across Privy, Bridge, and the rest of Stripe -- there's been so much feature and functionality expansion that we haven't yet had much time to reconcile everything. Overall, though, I'm very happy with how things are going, and excited by where these capabilities are headed.
If you're interested in working on the future of stablecoins, agentic payments, and crypto's deployment in the real world, you should get in touch with @sternhenri (now leading all of @StripeCrypto) or others on the team.
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Ran it back with @WorksInProgMag in the October edition, couldn't be happier.
The print magazine had an incredible design overhaul, it's a pleasure to read something designed and printed so well.
Pick up Issue 26!
Huge thanks to our Issue 26 partners @meetgranola, @privy_io, @daylightco, @AISLE_Inc, @mishaglouberman, and SUN SET.
Building something WIP readers would love? Get in touch: partnerships@worksinprogress.co.
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Sessions is a fantastic event -- come teach the broader Stripe ecosystem something important about crypto!
Stripe Sessions is looking for speakers for its dedicated crypto track next year.
If you’re building with stablecoins or crypto, we want to hear what you’ve learned: what worked, what didn’t, and what you’re building next.
Submit your proposal by Nov 6: cfp.stripesessions.com/flow/…
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privy's hiring!
we're looking for someone with a research background who's: hungry, opinionated and wants real ownership over how we go to market in crypto
you'll find the best teams before anyone else is talking to them, call where the market's heading next, and build the relationships that turn into deals
Quarterly performative intellectualism post just dropped.
Absolutely loving Lonesome Dove despite the @packyM essay telling me how basic I am for reading it right now!
It's less than groundbreaking to say how incredible Say Nothing is...but damn.
Q2 reading recap. All over the genre map with historical fiction, mystery, sci-fi, non-fiction.
The Zone of Interest was stunning. Hyperion was like a fever dream, another favorite from an incredible author (The Terror is another must-read).
First Agatha Christie book (best-selling mystery of all time), and first Claire Keegan novella.
Elements of Power is trendy tech reading. It's great, but I felt no need to finish it.
DCC is a phenomenon for a reason (bearish on the TV show).
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taking this one step further!
i asked instinct to order me coffee yesterday.
it paid with a stablecoin debit card i generated with @privy_io prebuilt components for cards and saved to my @link account.
agentic commerce on stablecoin rails, managed via imessage
![[kie.ran] (@danblackroyd) profile picture](https://pbs.twimg.com/profile_images/1665780717891235841/2-MiXSwz_400x400.jpg)
