Banks are “very interested” in stable coins-stripe founder
According to reports, the payment giant Stripe has led initial discussions with banks about a possible integration of stable coins and thus signals growing acceptance in global banking.
After the introduction of stablecoin-based accounts in 100 countries in early May, Stripe has a great interest in stable coins-value-stable cryptocurrencies that are bound to Fiat currencies such as the US dollar-found in global banks.
“In the conversations that we have with them, they are very interested”, ” said John Collison, co -founder and president of Stripe, in an interview with Bloomberg News on May 30th.
“This is nothing that the banks just wipe away or treat as a fad. The banks are very interested in how they can integrate stable coins into their product range,” he said.
Stable coins are the future
The growing interest of the banks in the integration of stable coins stems from the knowledge that such cryptocurrencies offer significantly lower transaction costs for payments, including foreign exchange fees.
“It is extremely expensive to do that. It is very slow. It takes a few days,” said Collison. “Nobody is satisfied with the status quo today. I therefore think that this type of business will be under fire.”
In contrast to classic processing, stable coins offer immediate transactions with fees that are significantly below those of foreign exchange, according to Collison, which makes it a perfect case for global use in payment transactions.
“A large part of our future payment volume will be handled in stable coins,” predicted Collison. “This is definitely a large part of our business on a future basis,” he added.
Stable coins have already had a long -term impact on traditional finance and will surpass the volume of Visa and Mastercard together in 2024.
Stable coins need clear regulation
Although some countries like the United Kingdom show interest in stablecoins, they could fall behind in the race for StableCoin operators if they do not progress faster with regulation, said Collison.
“There are companies that are founded to operate this industry-if there was a really good legal framework, they would settle here,” said the stripe manager and added:
“Without this certainty, they go somewhere else. I think this is the risk of which we have to be aware of.”
Collison referred to the Mica Ordinance (Markets in Crypto-Assets) of the European Union, which came into force at the end of 2024, while the British financial supervisory authority (Financial Conduct Authority) was still catching up with public feedback on new stablecoin rules on May 28.
Collison's latest findings coincide with reports that indicate that banks in the United States are even more clear from the government to clarify what they can do with cryptocurrencies.
On the other hand, despite the deficit in regulating stablecoins last year, Great Britain has recorded the greatest increase in new crypto owners and thus exceeds Europe
