Stripe acquires Valora Wallet team to further expand stablecoin service business

2025-12-11 00:43:09

Abstract generation in progress

Deep潮 TechFlow News, December 11th, according to The Block, payment giant Stripe is expanding its cryptocurrency business by acquiring the team of cryptocurrency startup Valora.

Valora founder Jackie Bona announced on Wednesday that the team will join Stripe “in pursuit of the mission to expand access to the global financial system.” The terms of the deal were not disclosed, including how many Valora employees will join Stripe.

Founded in 2021, Valora developed a mobile self-custodial cryptocurrency wallet app, specifically targeting stablecoins on the CELO blockchain. According to Bona, Stripe’s acquisition does not seem to include intellectual property rights to Valora’s technology, and the app will “continue to exist by returning to its original home at cLabs.”

Previously, it was announced that Stripe’s stablecoin payment feature will go live on December 12th, supporting Ethereum, Base, and Polygon networks.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.