Stripe co-founder says banks are ‘very interested’ in stablecoin integrations: report

Stripe, a payments firm with headquarters in San Francisco, California and Dublin, Ireland, is talking with banks over stablecoin integrations amid growing institutional interest in dollar-pegged crypto assets. 

Though the discussions are still early, Stripe co-founder and president John Collison said banks are “very interested” in how stablecoins can integrate into their product offerings, reports Bloomberg. This reportedly includes using stablecoins to reduce fees that banks and other tech firms pay for international money transfers. 

The Block reached out to Stripe for comment.

After Stripe acquired the stablecoin platform Bridge for $1.1 billion last year, the firm developed several stablecoin-focused products such as a money management system that enables businesses in over 100 countries hold dollar-pegged assets. In addition, it teased a stablecoin product for users outside the U.S., UK and European Union that could let customers use stablecoins to pay invoices or at checkout. 

Stripe’s discussions with banks is part of a broader trend of growing institutional interest in stablecoins. For instance, major banks in the U.S. such as JPMorgan, Bank of America, CitiGroup, and Wells Fargo are reportedly considering jointly launching their own stablecoin project. Bank of America, in particular, has been involved in stablecoin lobbying efforts.

Meanwhile, a recent survey found that business-to-business stablecoin transfers have grow in the past few years, rising from $100 million in early 2023 to about $3 billion in early 2025, The Block previously reported. Even tech giant Meta is reportedly eyeing a stablecoin integration for use in international money transfer fees.

The uptick in institutional stablecoin interest follows shifting regulatory regimes in the U.S., such as through the GENIUS act, as well as the UK’s stablecoin-focused regulatory framework set for this year. MiCA, already active in the European Union, has helped clarify rules around stablecoin issuance, leading to some firms exiting the region while others enter. 

The total stablecoin supply hit $238.32 billion as of May 30, with Tether’s USDT and Circle’s USDC making up a combined 90% of the market, The Block’s Data Dashboard shows. 

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