Stripe Begins Talks with Banks to Integrate Stablecoins as Global Usage Grows
Stripe, the global payments firm, is in preliminary discussions with banks about incorporating stablecoins into their core services, according to John Collison, Stripe’s Co-founder and President. These talks come as the adoption of digital tokens for international transactions continues to rise.
Recently, Stripe launched stablecoin accounts in 101 countries, allowing businesses to send, receive, and hold Circle’s $USDC and Bridge’s USDB. Collison noted that banks are showing strong interest in how to adopt stablecoins within their services, emphasizing that this isn’t a passing trend. Among Stripe’s recent offerings is Bridge, a platform enabling fintechs to create card programs linked to stablecoins.
Collison’s comments highlight the growing appeal of stablecoins among traditional financial institutions, positioning them as a solution to outdated cross-border payment systems, which are often slow and expensive. Stripe sees stablecoins as a key part of the future of global payments.
Stripe Doubles Down on Stablecoin Strategy
Stripe made waves earlier this year with its $1.1 billion acquisition of Bridge, a stablecoin technology startup. Since then, Bridge has launched its own stablecoin, USDB, while Stripe expanded its stablecoin services globally.