Stripe Inc. has begun informal discussions with banks about how they might use stablecoins, according to a Bloomberg report.
These conversations come as Stripe rolls out several stablecoin-related products. John Collison, co-founder and president of Stripe, said banks are keen to see how stablecoins can fit into their services rather than dismissing them as a passing trend.
Stripe’s Stablecoin Offerings
In recent months, Stripe has introduced tools that let fintech companies launch their own card programs linked to stablecoins. Collison noted that there are around $243 billion worth of stablecoins in circulation today.
Stripe also acquired Bridge, a stablecoin technology startup, earlier this year for $1.1 billion. Following that deal, Bridge launched its own stablecoin called USDB, and Stripe made stablecoin accounts available in more than 100 countries.
Stablecoin Financial Accounts
Stripe’s new Stablecoin Financial Accounts allow businesses to hold and move U.S. dollar stablecoins easily. Companies in 101 countries can now keep balances in USDC and USDB.
They can receive payments over both crypto networks and traditional systems like ACH or SEPA. Those payments can then be converted into stablecoins, making it straightforward to send funds across borders.
Implications for Traditional Finance
Traditionally, banks have relied on established payment rails that settle during business hours. Stablecoins offer a cheaper and faster alternative, settling transactions around the clock on blockchains.
Also Read: CryptoQuant CEO Warns, “Dark Stablecoins” To Gain Traction Under Stricter Rules
This capability could appeal to banks aiming to offer more efficient global transfers. Collison said that a big share of Stripe’s future payment volume will come through stablecoins, indicating the expected growth of this asset class.
Rising Interest in Stablecoins
Stablecoins have become one of the fastest-growing areas in crypto, anchored to government-issued currencies like the U.S. dollar or the euro. PayPal recently launched its own dollar-backed stablecoin called PYUSD.
French bank Societe Generale issued EURCV, a token pegged to the euro. Visa has also built a platform to help banks issue stablecoins. These moves highlight how both tech firms and traditional finance players are embracing digital tokens.
Global Stablecoin Landscape
With around $240 billion in stablecoins circulating worldwide, these digital assets have begun to reshape how people move money. People can use stablecoins to pay for goods or send funds across borders without worrying about major price swings.
Because stablecoins aim to hold a steady value, they bridge the gap between volatile cryptocurrencies and normal currency transfers. This feature is especially appealing to businesses that need predictable payments.
As Stripe continues working with banks, we may see more financial institutions offering stablecoin services in the coming months. If banks adopt stablecoins at scale, global money movement could become faster and cheaper.
Also Read: Stripe Unveils Stablecoin Financial Accounts And AI Payments Model