The Stripe payment giant would have organized early discussions with banks on the potential integration of stablescoins, signaling growing acceptance in the World Bank.
After launching accounts based on stables in 100 countries in early May, Stripe noticed a significant interest in the floors – cryptocurrencies linked to fiduciary currencies such as the US dollar – world banks.
“In the conversations we have with them, they are very interested,” said the co -founder and president of Stripe, John Collison, in an interview with Bloomberg News on May 30.
“It is not something that banks are just in a way repelled or treating as a fashion. Banks are very interested in the way they should also be integrated into stablecoins in their product offers,” he said.
Stablecoins will be a large part of the future payments
The growing interests of banks to integrate stablescoins come from understanding that such cryptocurrencies offer transaction costs significantly lower than payments, including banking exchange costs.
“It’s extremely expensive to do. It’s very slow. It takes a question of days,” said Collison, adding: “No one is satisfied with this balance today. And so I think you will see that this kind of profit basins is attacked.”
On the other hand, the Stablecoins offer instant transactions with costs being considerably lower than those of FX, alluded Collison, which made a perfect argument for the use of payment worldwide.
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“A large part of our future payment volume will be in stablecoins,” said Collison. “It is, for sure, a large part of our company on an advanced basis,” he added.
The Stablecoins have already had an impact on traditional finance, beating visa and mastercard volumes combined in 2024.
The growth of stablescoin requires green seers of regulators
While showing interest in stablecoins, some jurisdictions like the United Kingdom could delay in the race to attract stablecoin operators if they do not move faster with the regulations, said Collison.
“You have companies that are created to serve this industry – if there was perhaps a very good regulatory framework, they would choose to base here,” said Stripe’s executive, adding:
“Without this certainty, they go elsewhere. I think this is the risk that we must be aware of. ”
Collison referred to the regulations on European Union markets in Crypto-Asets (MICA) at the end of 2024, while the UK Financial Conduct Authority still requests public comments on new stablecoin rules as recently as May 28.
Collison’s latest information align with reports suggesting that banks in the United States have sought even clearer directives of government clarifying what they can do in the crypto.
On the other hand, despite the delay in terms of stablescoin regulation, the United Kingdom has experienced the highest increase in new crypto owners in the past year, exceeding Europe, according to Gemini.
Review: The crypto wanted to reverse the banks, now it becomes in the fight of Stablecoin
