According to PANews, Stripe co-founder and president John Collison stated that the company has begun preliminary discussions with several banks regarding stablecoin integration. A significant portion of future payment transactions will be completed using stablecoins.
This year, Stripe acquired the stablecoin technology startup Bridge for $1.1 billion and launched the USDB stablecoin pegged to the US dollar. Stripe has launched stablecoin account services in over 100 countries worldwide. Collison emphasized that stablecoins can address the high foreign exchange fees and long processing times associated with traditional cross-border payments.