Stripe CEO Patrick Collison reported that monthly transaction volume on Privy is approaching $25 billion, one year after the fintech giant acquired the wallet infrastructure company. Assets held in Privy wallets have grown approximately 25x, revenue has increased roughly 9x, and monthly active developers have tripled since the acquisition. Thousands of companies, including Ramp, Deel, Klarna, Felix Pago, and Hyperliquid, are now building embedded banking features using Privy's technology. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products, with a Link balance feature scheduled for imminent release. Privy co-founder Henri Stern has been appointed to lead all of Stripe's crypto business operations.