ChainCatcher report: 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 Module for Stablecoin Card
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Summary
DeFi exploit concerns remain low as Privy launches a pre-built module for stablecoin cards. The project funding announcement highlights Privy’s integration with Stripe to issue stablecoin cards, now supporting over 25 markets. Users can spend directly from DeFi vaults or Privy wallets without pre-funding. Lead Bank handles card issuance, while Bridge manages the rollout, with expansion targeting 100+ markets by year-end.
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