embeddedwallets

1/ Getting smart on stables pt ii: What’s in your wallet (stack)?

Today we break down the tools you need to power payment flows on stablecoin rails.

Not a day goes by in which we're not talking stablecoin strategy with fintech companies. Here's what we are seeing out there 👇

Data privacy on the web. Keeper of the fabric @privy.

Fmr Protocol Labs consensus work. Before that YC S14 🇫🇷🌐🍊

2/ Broadly, there are two "jobs" with stablecoins: send money cross-borders and hold USD-backed assets globally.

Regardless of how you use them, here's what you need:

1️⃣ Wallet infra
2️⃣ Payment rails: onramp-chain-offramp
3️⃣ Other ways to use them (like card issuance)

The easiest way to bring all your users onchain, regardless of whether they already have wallets | Customer love at privy.io/love

4/ Payment rails (eg Bridge or HiFi)

These on/offramps are funds flow businesses that allow crypto-to-fiat conversion and back (and running KYC/AML checks).

Stablecoins are global, and most neobanks will orchestrate several payment providers to cover their priority geos.

5/ Card issuance (eg Kulipa or Rain)

Provisioning a card to allow users to spend their stablecoin balance helps solve the last-mile challenge that crypto isn’t yet broadly accepted as a payment method.

Modern issuers can also unlock a new revenue source via interchange share.

6/ Our blog breaks it down. While there's no single way to break down a stack, we hope this helps you craft the right product.

If you're looking to stand up your rails for cross-border payments or stablecoin ownership, we'd love to help!

Dive deeper:

6/ Our blog breaks it down. While there's no single way to break down a stack, we hope this helps you craft the right product.

If you're looking to stand up your rails for cross-border payments or stablecoin ownership, we'd love to help!

Dive deeper: https://privy.io/blog/the-stablecoin-infra-stack

3/ Wallets (eg @privy)

Wallet infra ensures users can receive/store/transact. Flexible providers can support custodial or self-custodial flows and user or omnibus wallets.

Wallets are the nexus of control, and owning them is key to optimizing long-term product UX and economics.