• Stripe to acquire Privy.

• CCTP V2 goes live on World Chain.

• Pistachio launches Ethereum wallet.

Privy, a wallet infrastructure provider for integrating embedded wallets, announced that it is being acquired by global payments processor Stripe. The acquisition aims to merge crypto and traditional finance into a unified, seamless experience for users. Privy will continue to operate independently. Privy allows applications to integrate embedded wallets featuring Web2 login methods such as SMS, email, Google, Twitter, Lens, and Farcaster. It supports cross-app wallet functionality, allowing users to access their existing embedded wallet across multiple applications. Once connected, users can verify ownership, sign messages, and execute transactions from their wallet.

Circle CCTP V2 and native USDC are now live on World Chain, an identity-focused Layer 2 network built on the OP Stack. CCTP V2 is the latest version of the Cross-Chain Transfer Protocol that reduces transfer times to seconds and introduces support for Hooks, allowing developers to automate post-transfer smart contract actions. Support for native USDC eliminates the need for locked liquidity and bridged tokens, providing fully-backed, dollar-pegged stablecoins issued directly by Circle. World Chain powers the World Network, a globally distributed identity and financial network with over 10 million Orb-verified individuals.

Pistachio launched its non-custodial wallet and DeFi app to public beta, now available for download on iOS. It supports onchain finance across Ethereum, Base, Arbitrum, Optimism, Polygon, Scroll, and Mantle. The app aims to simplify user access to DeFi. Pistachio features gasless key actions and built-in tax categorization tools. Pistachio will integrate RWA yield vaults backed by partners like BlackRock and Pimco, onchain debit cards, and virtual bank accounts. Pistachio uses Multi-Party Computation (MPC) and Threshold Signature Scheme (TSS) to enable secure, seedless key recovery.

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