The Stripe payments company has had early discussions with banks on the integration of stablecoins in their basic service, because digital tokens are gaining ground for world payments, said co-founder and president John Collison in an interview with Bloomberg.
“Banks are very interested in the way they should also be integrated into stablecoins in their product offers,” said Collison. “It is not something that banks are in a way brushing or treating as a fashion.”
His comments highlight the growing interest among traditional financial companies to explore stablescoins, one of the fastest growth in use of crypto. The Stablecoins, which have become an asset class of 240 billion dollars, are tokens based on the blockchain anchored in currencies issued by the government, mainly to the US dollar. They offer a cheaper and faster alternative with the colonies around the clock compared to traditional payment channels.
Paypal (PYPL) launched its own stablecoin pyusd supported by an US dollar, while the general French banking company issued an EURCV token in Euro. Visa has developed a tokenization platform to help banks emit stablecoins.
Stripe is also betting on the growing role of stabbles in international payments.
The company made the headlines earlier this year by acquiring the Stablecoin Tech start -up bridge for $ 1.1 billion. Since then, Bridge has deployed its own Stablecoin USDB while Stripe has introduced Stablecoin accounts in more than 100 countries.
“A large part of our future payment volume will be in stablecoins,” said Collison in the interview.
He underlined the expensive FX fees and the treatment deadlines for several days such as stables that stablecoins could tackle.
Read more: Tether, tron dominates the arena of fast -growing stablecoin payments, shows the survey
