Ripple has partnered with Privy, a wallet infrastructure company owned by payments giant Stripe, to bring XRP and RLUSD wallet tooling to applications built on the XRP Ledger. Privy announced the deal on Oct. 13 in an official blog post.

The integration is designed to let developers build payment services directly inside their applications, supporting both consumer-facing financial products and apps that enable AI agents to make payments.

Wallet Infrastructure for XRPL Developers

Under the partnership, Privy's infrastructure will handle wallet creation, wallet management and transaction signing through software. Developers will be able to build around XRP, Ripple's RLUSD stablecoin and other assets issued on the ledger.

"With Privy, developers will be able to create and manage XRPL wallets programmatically, sign transactions, and build experiences using XRP, RLUSD, and other digital assets on XRPL," the company said.

For consumer applications, fintech companies could offer embedded wallets for stablecoin payments, removing the need for customers to manage their own cryptographic keys. Privy also plans to offer server-side wallets, which businesses could use to support AI agents that pay through systems such as x402.

Markus Infanger, senior vice president of RippleX at Ripple, said the combination gives developers a foundation for building financial products that can scale, pointing to the ledger's fast settlement, low costs and native support for digital assets.

Ripple Reports 13 Million AI Agent Payments

Ripple said AI agents have already processed 13 million payments on the XRP Ledger. "To date, it has processed 13M agent payments, which now account for roughly 25% of network activity," the company said.

Ripple joined the x402 Foundation as a Premier Member on July 14. The Linux Foundation oversees the x402 payment protocol under open governance after Coinbase contributed it. Other Premier Members include Stripe, Coinbase, Circle, Google, Visa and Mastercard. Stripe, Privy's owner, appears on that same member list, meaning the parent of the company building XRPL wallet tooling also helps govern the x402 protocol the tooling is intended to support.

In June, Ripple released its XRPL AI Starter Kit, a toolkit designed to help software agents send and receive payments in XRP and RLUSD. The Privy partnership covers that infrastructure layer for such builds, handling wallet creation, management and transaction signing rather than leaving teams to build it themselves.

Stripe, Privy and the RLUSD Landscape

Stripe agreed to acquire Privy in June 2025, following its $1.1 billion purchase of stablecoin infrastructure provider Bridge. The terms of the Privy deal were not disclosed. Privy, founded in 2021, builds tools that let companies add crypto wallets to their platforms, and Stripe said it would keep operating independently, as Bridge does.

A Sep. 26 report put RLUSD's circulating supply near $2.5 billion, citing CoinMarketCap. DefiLlama data placed stablecoins on the XRP Ledger at about $1.19 billion, including roughly $1.10 billion in RLUSD.

In the United States, RLUSD is issued by Standard Custody & Trust Company under the supervision of the New York State Department of Financial Services. Ripple notes that the stablecoin does not carry FDIC insurance or SIPC protection.

Separately, Standard Chartered launched institutional RLUSD custody on the XRP Ledger on Oct. 12 through its Dubai International Financial Centre branch, allowing eligible institutional clients to hold the stablecoin there. The bank is also working with Ripple and LMAX Group on a collateral arrangement that would let institutions use RLUSD for trading while the tokens remain in custody, pending testing, approvals and regulatory requirements. The custody rollout came one day before the Privy announcement, pairing institutional holding options with consumer-oriented wallet tooling on the same ledger.

Source: Blockonomi