Stripe taps Privy CEO Henri Stern to lead crypto push and expand stablecoin cards
Stripe has appointed Privy co-founder and CEO Henri Stern to lead its crypto and stablecoin division, outlining plans to expand its stablecoin card program to more than 100 countries by year-end and launch a dedicated developer platform.
Stripe has named Privy co-founder and CEO Henri Stern to head its crypto and stablecoin business as it prepares a major global rollout, according to reports from CoinDesk. Under the strategy, Stripe aims to expand its stablecoin card program to more than 100 countries by the end of the year. Stern, who founded the wallet platform Privy prior to its acquisition by Stripe in June 2025, confirmed that he will continue leading Privy alongside his new executive responsibilities.[1][2][3]
Stern stated that Stripe plans to build a comprehensive stablecoin developer platform integrating fiat and crypto rails, digital wallets, payment processing, and asset issuance. He noted that the company will focus on utility, interoperability, and end-to-end user experiences while prioritizing open systems and regulatory compliance to simplify stablecoin integration for commercial enterprises. In addition, Stern said Stripe is actively exploring tokenized deposits and decentralized finance use cases.[1][2][4]
The international card expansion is intended to broaden everyday payment options using stablecoins across international markets. According to Coin Bureau, monthly spending on stablecoin cards recently reached approximately $1.2 billion, a threefold increase compared to the previous year, as Stripe's infrastructure serves more than 5 million businesses directly or via connected platforms.[4][5]
Key facts
- Stripe appointed Privy co-founder and CEO Henri Stern to lead its stablecoin and crypto business.
- Stern will continue to lead Privy, which was acquired by Stripe in June 2025.
- Stripe plans to expand its stablecoin card program to more than 100 countries by the end of the year.
- Stripe plans to build a stablecoin developer platform integrating fiat and crypto rails, wallets, payments, and asset issuance.
- Stripe is exploring tokenized deposits and DeFi use cases, according to Stern.
- Stablecoin card spending reached about $1.2 billion last month, roughly three times higher than a year earlier, according to Coin Bureau.
- More than 5 million businesses use Stripe directly or through connected platforms, according to Coin Bureau.
Sources · 5 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Privy CEO Henri Stern said he is taking on leadership of Stripe's crypto and stablecoin efforts while continuing to lead the wallet platform he founded. Stripe acquired Privy in June 2025. Stern said Stripe plans to build a comprehensive stablecoin developer platform that integrates crypto and fiat rails, wallets, payments and asset issuance, with a focus on utility, interoperability and end-to-end experiences. He said the company will also prioritize open systems and compliance as it works to make stablecoin infrastructure easier for businesses to adopt.
Open source - CO
CoindeskArticle ·
Stripe to expand stablecoin cards to over 100 countries by the end of the year The payments giant is planning a major global expansion for its stablecoin cards business, and is exploring tokenized deposits and DeFi use cases, new crypto head Henri Stern said.
Open source - CO
CoinDesk@CoinDeskPost on X ·
EXCLUSIVE: @Stripe expands its stablecoin card program to 100+ countries by year-end, and appoints @Privy_io co-founder Henri Stern to lead its stablecoin and crypto business. https://t.co/X876kZaOyw
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Stripe is planning to expand its stablecoin card business to more than 100 countries by the end of the year. The payments giant is also exploring tokenized deposits and new DeFi use cases. The expansion would give users in more countries access to stablecoin-powered cards for everyday payments. Stablecoins are continuing to move further into the traditional payments system.
Open source - CB
Coin Bureau@coinbureauPost on X ·
⚡️ADOPTION: Stripe plans to take 'stablecoin cards' GLOBAL, expanding the program to more than 100 countries by year-end. More than 5 MILLION businesses already use Stripe directly or through connected platforms. Stablecoin card spending reached about $1.2 BILLION last month, roughly 3 TIMES higher than a year ago.
Open source