Catenaa, Sunday, June 15, 2025- Stripe co-founder John Collison said banks are “very interested” in integrating stablecoins into their services as institutional demand rises, according to a Bloomberg report.
San Francisco- and Dublin-based payments firm Stripe is in talks with banks on stablecoin adoption, aiming to reduce fees on international money transfers, Collison said.
While discussions are at an early stage, Stripe sees stablecoins as a way for banks and tech companies to cut cross-border transaction costs.
Stripe acquired the stablecoin platform Bridge for $1.1 billion last year and has since launched products that allow businesses in over 100 countries to hold dollar-pegged assets.
The company also plans to introduce a stablecoin payment option for users outside the US, UK and EU, potentially enabling invoice payments or checkout with stablecoins.
Interest in stablecoins among banks is growing broadly.
Major US banks including JPMorgan, Bank of America, CitiGroup, and Wells Fargo are reportedly exploring a joint stablecoin project.
Bank of America has been active in lobbying for stablecoin-friendly regulations.
Business-to-business stablecoin transfers have surged from $100 million in early 2023 to $3 billion by early 2025, reflecting broader institutional adoption. Meta is also reportedly considering stablecoin integration to reduce international money transfer fees.
The total stablecoin supply reached $238.32 billion as of May 30, dominated by Tether’s USDT and Circle’s USDC, which together make up 90% of the market.
