Stripe is expanding its crypto operations again. It launched the L1 blockchain Tempo and acquired the stablecoin platform Bridge and the crypto wallet Privy, citing a JPMorgan report.
The statement stated that Stripe views digital asset infrastructure as one of its growth drivers. The company became profitable in 2024, and its total transaction volume processed exceeded $1.4 trillion. JPMorgan estimates Stripe’s potential market at over $350 billion.
Analysts called the company a “beneficiary of borderless financial services.” Early collaboration with AI startups gave it an advantage amid the growth of so-called agentic commerce—commerce where decisions are made by AI agents, the report states.
Stripe also strengthened its position in the cryptocurrency space by acquiring the stablecoin platform Bridge and wallet provider Privy. The company is also developing Tempo.
Stripe CEO Patrick Collison described Tempo as a payments-focused L1 blockchain optimized for real-world use cases in financial services.
“JPMorgan noted that these initiatives position Stripe well to benefit from the integration of AI agents, stablecoins, and programmable money into global commerce,” the statement reads.
Analysts also noted risks associated with business scaling and regulatory challenges, particularly regarding stablecoins in the US and MiCA regulations in Europe.