EddieJayonCrypto
2 Jun 25
Stripe has held early discussions with banks about adopting stablecoin technology, which are digital tokens pegged to fiat currencies like the US dollar. Stripe co-founder John Collison stated that banks are very interested in integrating stablecoins into their products. These talks followed Stripe'...
Stripe has initiated early discussions with banks about integrating stablecoin technology into their financial products, signaling strong institutional interest in digital tokens pegged to fiat currencies like the US dollar.Stripe co-founder John Collison highlighted that banks are eager to explore stablecoins, emphasizing that this interest goes beyond viewing them as a passing trend. Instead, banks are actively considering how to incorporate stablecoins into their offerings.These discussions come on the heels of Stripe's recent launch of several stablecoin-related products, including a platform enabling fintech companies to quickly establish stablecoin-card programs for customers.Additionally, Stripe is developing its own stablecoin, powered by Bridge, a startup it acquired last year. Stripe is inviting companies outside the US, EU, and UK to participate in testing this new asset to facilitate dollar access.With roughly $243 billion worth of stablecoins currently in circulation, Stripe’s moves underscore a broader trend of financial institutions embracing digital tokens to enhance payment systems and product innovation.