{"id":29460,"date":"2025-05-30T13:02:05","date_gmt":"2025-05-30T13:02:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29460"},"modified":"2025-05-30T13:02:05","modified_gmt":"2025-05-30T13:02:05","slug":"stripe-explores-bank-partnerships-on-stablecoins-as-payments-importance-grows-ceo-john-collison","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29460","title":{"rendered":"Stripe Explores Bank Partnerships on Stablecoins as Payments Importance Grows: CEO John Collison"},"content":{"rendered":"<div>\n<p>Payments firm Stripe held early discussions with banks about integrating stablecoins into their core service as digital tokens are gaining traction for global payments, co-founder and president John Collison said in an <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-30\/payment-firm-stripe-in-early-talks-with-banks-about-stablecoins\">interview<\/a> with Bloomberg.<\/p>\n<p>&#8220;Banks are very interested in how they should be integrated with stablecoins into their product offerings as well,&#8221; said Collison. &#8220;This is not something that banks are just kind of brushing away or treating as a fad.&#8221;<\/p>\n<p>His comments underscore the rising interest among traditional financial firms to explore <a href=\"https:\/\/www.coindesk.com\/learn\/what-is-a-stablecoin\">stablecoins<\/a>, one of the fastest-growing use cases of crypto. Stablecoins, which have become a $240 billion asset class, are blockchain-based tokens anchored to government-issued currencies, predominantly to the U.S. dollar. They offer cheaper, faster alternative with around-the clock settlements compared to traditional payments channels.<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/consensus-toronto-2025-coverage\/2025\/05\/15\/paypal-crypto-head-says-banks-are-needed-to-unlock-full-stablecoin-potential\">PayPal<\/a> (PYPL) launched its own U.S. dollar-backed stablecoin PYUSD, while French bank Societe Generale issued a euro-backed token EURCV. Visa <a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/25\/visa-to-help-banks-issue-fiat-backed-tokens-on-ethereum-via-new-tokenized-asset-platform\">developed<\/a> a tokenization platform to help banks issue stablecoins.<\/p>\n<p>Stripe is also betting on the growing role of stablecoins in international payments.<\/p>\n<p>The firm made headlines earlier this year by <a href=\"https:\/\/www.coindesk.com\/business\/2024\/10\/21\/stripe-in-11b-acquisition-deal-for-stablecoin-platform-bridge-report\">acquiring<\/a> stablecoin tech startup Bridge for $1.1 billion. Since then, Bridge rolled out its own stablecoin USDB while Stripe <a href=\"https:\/\/stripe.com\/blog\/introducing-stablecoin-financial-accounts\">introduced<\/a> stablecoin accounts in over 100 countries.<\/p>\n<p>&#8220;A lot of our future payment volume is going to be in stablecoins,&#8221; Collison said in the interview.<\/p>\n<p>He pointed to costly FX fees and multi-day processing times as pain points that stablecoins could address.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/05\/29\/tether-tron-dominate-fast-growing-stablecoin-payments-arena-survey-shows\">Tether, Tron Dominate Fast-Growing Stablecoin Payments Arena, Survey Shows<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Payments firm Stripe held early discussions with banks about integrating stablecoins into their core service as digital tokens are gaining traction for global payments, co-founder and president John Collison said in an interview with Bloomberg. &#8220;Banks are very interested in how they should be integrated with stablecoins into their product offerings as well,&#8221; said Collison. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29460","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29460"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29460\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}