Privy, the wallet infrastructure arm of Stripe, has launched a feature allowing users to spend stablecoins deposited in DeFi protocols. Users authorize Stripe to withdraw stablecoins for payment settlement, and developers can issue prepaid Visa debit cards through Privy. The card is issued by Lead Bank and managed by Stripe, bridging DeFi liquidity with everyday payments.
Privy, the wallet infrastructure arm of Stripe, today announced a new feature that enables users to spend assets held within DeFi protocols. Users authorize Stripe to withdraw stablecoins from DeFi protocols for payment settlement. Developers can leverage Privy to issue spending cards based on this functionality. The prepaid debit Visa card is issued by Lead Bank and managed by Stripe, facilitating seamless spending of DeFi assets in real-world transactions.
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