Stripe in early talks with banks about integrating stablecoins

The Co-founder and President of Stripe, John Collison, said his company was in early talks with banks about integrating stablecoins into their core service as the use of digital tokens for global payments continued to increase. Stripe recently launched stablecoin accounts in 101 countries, enabling businesses to send, receive, and hold Circle’s USDC and Bridge’s USDB.

Collison said banks were very interested in how they should integrate stablecoins into their product offerings as well, adding that this was not something they “brushed away” as a fad. The company recently introduced a range of products related to stablecoins, including a platform (Bridge) that allows fintechs to launch their own stablecoin-linked card programs for customers.

Collison’s remarks confirmed the rising interest among traditional financial institutions in exploring stablecoins, one of the fastest-growing crypto use cases. He claimed that his company aimed to fix what traditional financial institutions did not have: slow and costly cross-border payments. 

Stripe bets on the growing role of stablecoins in international payments

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Stripe made headlines earlier this year by acquiring stablecoin tech startup Bridge for $1.1 billion. Bridge has since then rolled out its own stablecoin, USDB, while Stripe introduced stablecoin accounts in over 100 countries. Collison said a lot of his company’s future payment volume would be in stablecoins, pointing to costly FX fees and multi-day processing times as pain points that stablecoins could address.

Bank technology providers like Fidelity National Information Services Inc., Fiserv Inc., and Jack Henry & Associates Inc. were also considering how to help their customers use the technology. Visa Inc. launched a platform last year to help banks issue stablecoins globally. 

“Regulated bank-issued stablecoins offer faster, more efficient, and globally accessible payment options…With proper regulation, banks will become central players in digital assets, driving innovation while ensuring consumer protection.”

–Julia Demidova, head of digital currencies product and strategy at FIS

Collison hoped that Stripe’s new products would “eat away” at the FX fees that banks and other technology providers charged consumers sending money overseas. He added that traditional money remittance technologies were also very slow.

Stablecoin payment volume reaches $94B

A survey by Artemis found that stablecoin payment volumes have reached $94.3 billion this year, primarily driven by Business-to-business (B2B) transfers. B2B transactions accounted for an annual run rate of $36 billion, and P2P payments had a run rate of $18 billion. Card-linked stablecoin payments followed with $13.2 billion in annual volume, while B2C payments and prefunding had annual volumes of $3.3 billion and $2.5 billion, respectively. The annual run rate pace for these settlements reached $72.3 billion in February 2025.

The report also revealed that B2B stablecoin monthly volumes grew from under $100 million at the start of 2023 to over $3 billion by early 2025. Stablecoin-linked card payments also rose from $250 million in monthly volume at the start of 2023 to over $1 billion by the end of 2024. B2C payments increased from $50 million in monthly volume at the start of 2023 to over $300 million by early 2025.

According to the study, approximately 10 million blockchain addresses made a stablecoin transaction every day, and over 150 million blockchain addresses held a nonzero stablecoin balance. Tether’s USDT was the most used stablecoin by volume, with a market share of around 90%, followed by Circle’s USDC. USDT remained the primary stablecoin for B2B transfers, although USDC maintained a 30% share of monthly volumes. The BIS also estimated that around $400 billion of annual cross-border flows were settled in USDC and USDT.

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