Stripe has appointed Henri Stern, co-founder and CEO of Privy, to lead its crypto and stablecoin strategy starting around October 5, 2026, while he continues to run Privy. The company has spent significant resources building a stablecoin toolkit, including the acquisition of Privy and Bridge for $1.1 billion. Stripe plans to expand its stablecoin-linked card programs to over 100 countries by the end of 2026, with recent monthly spending hitting approximately $1.2 billion. The strategy aims to put stablecoin balances in front of merchants who never asked to accept crypto. Expanding to over 100 countries by end of 2026 carries execution risks related to patchwork local regulations on payments and digital assets.
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