Privy operates as embedded wallet infrastructure across consumer apps and AI platforms. The Stripe-owned company now powers over 120 million accounts across more than 2,000 development teams. Its wallets sit inside trading venues, neobanks, payroll platforms, and AI agent frameworks. That reach turned Privy into the connective tissue between Stripe, AWS, and on-chain rails. However, the company’s mission has stayed the same since its founding. Privy wants to make crypto invisible when it should be, and powerful when it needs to be.
🌩️ AI Agents on Amazon Web Services Now Have Access to 120M+ Crypto Wallets.
— Generation Infinity (@Genfinity) June 16, 2026
We interviewed Debbie Soon of @privy_io, a Stripe company on:
• Backs 120M+ wallets, 2,000+ dev teams
• Enterprise-grade wallet, security, flow.
• Live inside AWS Bedrock AgentCore
• Major… pic.twitter.com/jQbw9wP9xp
Stablecoins Took Over the Privy Wallet Stack
Stablecoins now dominate wallet balances across the Privy platform. One year ago, stablecoins held roughly 25 to 30 percent of total wallet value. Today, that share has climbed to around 70 percent across the entire network. This shift reflects two parallel trends inside the customer base. First, neobanks, fintechs, and global payroll platforms continue migrating onto stablecoin rails. Additionally, trading desks park more of their portfolios in dollar-pegged assets during risk-off cycles. Notably, prediction markets and perpetual venues still rely on stablecoins as their settlement layer.
AWS Bedrock AgentCore Brings Wallets to AI Agents
On May 7, AWS launched AgentCore Payments inside Amazon Bedrock with Privy and Coinbase. The release lets AI agents hold and spend stablecoins for APIs, data feeds, and paywalled content. Privy provides the embedded wallets, while Coinbase contributes the x402 settlement protocol. As a result, agents can negotiate and pay for services without human intermediaries at every step. However, the system still requires human-defined guardrails around spending limits and approved counterparties. Privy has built toward this agentic use case for years, so the timing fits its product roadmap. Future phases will expand from micropayments into hotel bookings, travel reservations, and merchant transactions.
Majority Powers Remittances From the US to Latin America
The Majority neobank launched stablecoin transfers between the United States, Colombia, and Mexico. That product runs on Solana and uses USDC settlement powered by Privy’s embedded wallets. Majority serves Latin American immigrants in the United States who send money home to their families. For context, 258 million people now live outside their country of origin globally. Nearly 50 million of those migrants live inside the United States alone. Traditional remittance rails take days, charge unpredictable fees, and obscure the final delivery amount. In contrast, Majority abstracts the crypto layer entirely, so end users only see a banking app. However, the value moves on Solana in seconds, with fees measured in fractions of a cent.
1/ Today, we're excited to share that @deel is using Privy to bring dollar-backed wallets to workers around the world.
— Privy (@privy_io) June 3, 2026
Contractors can receive earnings, earn rewards on idle balances, and access their money globally, all within the platform they already use to get paid. pic.twitter.com/HhMl0FUc1x
Deel Builds DLUSD on Privy Wallets for Global Payroll
Deel launched DLUSD, its dollar-backed payroll stablecoin, on June 3 in Argentina. The token issues through Bridge, settles on Tempo, and lives inside Privy embedded wallets. Contractors can hold dollar balances, earn promotional yield up to 4 percent through Morpho, and spend globally. This setup matters because Argentina’s peso lost 20 to 40 percent of its dollar value last year. As a result, 85 percent of Deel’s Argentine contractors asked for USD payouts over pesos in 2025. Privy handles the wallet layer that lets contractors hold idle balances and route them into DeFi yield strategies. Therefore, payroll becomes a savings product instead of a pure pass-through cash flow.
Privy is available on Stripe Projects. We can't wait to see what you build. https://t.co/E4o4ThQTRP
— Privy (@privy_io) April 29, 2026
Modularity Lets Privy Serve Custodial and Non-Custodial Customers
Privy offers wallets in custodial and non-custodial configurations on the same platform. For example, Ramp uses Privy in custodial mode to fit its compliance and user experience needs. Meanwhile, other clients prefer non-custodial wallets that hand more control to the end user. Privy customers can mix custody models per wallet and per geography across the same product. This flexibility matters for fintechs that operate across multiple regulatory frameworks. As a result, teams can launch in new countries in weeks rather than years. Trading platforms like Hyperliquid and Jupiter use Privy because they need low-latency, configurable wallet access. However, simpler consumer fintechs lean on Privy to abstract every crypto detail from the end user.
Why Stripe, AWS, and the Genius Act Aligned at the Right Time
Stripe acquired Privy in 2025 to anchor its stablecoin and embedded wallet strategy. The Genius Act removed key regulatory ambiguity around stablecoin issuance in the United States. After that legislation, institutions stopped treating stablecoins as one-off experiments and started building production rails. Privy’s customer mix shifted accordingly, with global payroll, neobanks, and AI platforms joining trading-native customers. Debbie Soon, the company’s head of marketing, frames this moment as crypto’s cloud or AI breakthrough. In her words, end users will soon hold a Privy wallet without ever knowing it. Soon also authored Digital Mavericks, a Wiley-published guide to navigating Web3 through the people building it. Her message lines up with Privy’s product thesis, which treats wallet infrastructure as plumbing rather than a destination.
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