According to Huoxing Finance, decentralized wallet infrastructure provider Privy has launched a pre-built component for stablecoin cards. The solution enables in-app integration of a cardholder experience with a single integration and is issued in partnership with Stripe. The company states that the service currently supports over 25 card-issuing markets and plans to expand to over 100 by year-end. Users can spend directly from their Privy wallet or DeFi vault balances without needing to pre-fund a separate card account. The issuing bank is Lead Bank, the program manager is Bridge, and Stripe provides the issuance services.
Privy Launches Pre-Built Component for Stablecoin Card
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Summary
DeFi exploit concerns remain low as Privy launches a pre-built stablecoin card component. Projects can integrate this tool to enable cardholder experiences and issue stablecoin cards via Stripe. The service is now operational in over 25 markets, with expansion to 100+ expected by year-end. Users can spend directly from Privy wallets or DeFi vaults without pre-funding. Lead Bank manages card issuance, with Bridge serving as project manager and Stripe handling processing. Recent project funding news underscores continued momentum in DeFi infrastructure.
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