The well -known payment service provider points out an increasing interest of banks by stabaces. These digital currencies are linked to existing currencies, such as the US dollar, and offer fast and cheap transaction options.
According to his co-founder, John Collison, is clear. Stablecoins become a permanent element of world payments. Even banks now take the subject seriously and want to know how to integrate stablescoins into their services.
Stablecoins as a new standard for international payments
Stripe is in conversations with several banks to integrate Stablcoins into their standard service offer. Although these conversations are always in an initial phase, Collison says that banks are “very interested” by the way stablecoins can be incorporated into their products. This shows that traditional financial institutions are no longer aware of this technology.
Interest does not result from anything. Last week, it was reported in Wallet and Exchange that a group of American banks studies the possibility of jointly launching a stablecoin to modernize its own payment systems.
According to Collison, the current financial system is slow and expensive, especially with regard to international payments. Transactions can take days and the additional cost of the exchange rate is significant. The stablecoins offer a clear advantage here: instant payments at a much lower cost.
Stablcoins larger than visa and mastercard together
Stripe considers that this development is an important part of the future of payments and the beginning of May launched Stablecoin accounts in more than 100 countries. This occurred after the acquisition of the Bridge Company, which launched its own stable USDB. Together, they developed an account and a payment card in collaboration with Visa, which allows users to spend their stablecoins directly.
The rise of stablecoins is already in full. The global market for stablescoins already represents around $ 245,000 million. Large names such as Visa, Paypal and Societe General have already taken concrete measures. Stripe now joins this advantage -Garden
In 2024, the volume of stable transactions will exceed that of Visa and Mastercard together. This shows that these digital currencies can no longer be considered an exaggeration. At the same time, research shows that the use of Stablecoins companies has increased considerably. For example, transactions between companies with stablescoins increased from $ 100 million at the start of 2023 to around $ 3,000 million at the start of 2025.
Regulations remain stumbling block
Although technology is ready to be used, regulations remain a significant obstacle. Stripe stresses that governments and regulators must soon bring clartes, if not countries like the United Kingdom are going on the risk of delay.
With the cryptoactive markets (Mica), the European Union has established a regulatory framework by the end of 2024. Instead, the United Kingdom continues to work in a legal framework, which, according to Collison, can dissuade companies from being established there. While the United States and the European Union have already taken clear measures, the United Kingdom is still stuck in consultations and public consultations.
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