Stripe in talks with banks over stablecoin integration: report

Stripe started the first discussions with banks on the integration of stablecoins in traditional financial products, according to Bloomberg Reporting.

The talks follow the recent movements of Stripe to build its stablecoin offers, including a platform that allows fintechs to quickly launch cards related to the reserve. Co-founder John Collison Tell Bloomberg That banks take stablescoins seriously and explore ways to integrate them into their services.

About $ 243 billion in stablecoins are Currently in circulationWith an increasing interest in using them for real payments.

Collison stressed that stablecoins could eliminate costly and slow cross -border costs.

“A large part of our future payment volume will be in stablecoins,” he said, adding that Stripe considers them as a central part of his business in the future.

Stable Stablecoin Ventures

Band recently acquired Stablecoin platform bridge for $ 1.1 billion. Bridge, which now operates under Stripe, launched its own stablecoin, USDB, and has teamed up with Visa to offer a global card that Allows users to spend stablecoinS like Fiat.

Stripe has also introduced Stablecoin accounts in more than 100 countries.

Competitors, including Paypal, Visa and Fis, make similar movements, and regulators in the United States, the United Kingdom and the EU weigh new executives.

Collison warned that London may be delayed if the United Kingdom does not act quickly on the regulations, noting that companies will take their things elsewhere in search of clearer rules.

Band service More than a million companies in the United Kingdom, including 45% of FTSE 100 companies, and expand its teams focused on stablescoin worldwide.