Stripe has begun talks with banks on stablecoin integration for global payments, signaling broader acceptance of digital currencies in traditional finance sectors.
Stablecoin adoption is increasing with transactions surpassing Visa and Mastercard combined volumes and about $243 billion in circulation currently.
Stripe is expanding stablecoin products globally and maintaining a focus on regulatory clarity, as executives warn that the UK risks falling behind in stablecoin regulation.
The company's efforts aim to address high foreign exchange and cross-border payment fees by offering faster and more cost-effective stablecoin options for consumers.