Join our Telegram Channel to stay up to date on the coverage of information on the breakup
Banks will be forced to offer customers better yields in order to remain competitive while stablecoins are starting to explode, according to the CEO of Stripe, Patrick Collison.
Answer At a position on X about the rise in power of yield ecunines, Collison noted that the average interest rate of savings accounts is 0.40% in the United States and 0.25% in the EU.
“The depositors go and should gain something closer to a market return on their capital,” said Collison. “The commercial imperative here is clear – inexpensive deposits are excellent, but being if consumers’ hostiles feels me as a losing position.”
Its remarks follow the launch of Stripe of “Open from September 30, a new bridge product which allows companies to launch and manage their own stablecoins with a minimum of friction.
The prohibited act engineering
The Stablescoin market has flowered in recent months, the capitalization of the sector is recently rising to a new record greater than $ 300 billion. It is then that more and more institutions were starting to explore the offer of their own tokenized offers to customers.
The growth of the Stablescoin market has accelerated after the American president of cryptocurrency, Donald Trump, signed the guide and the establishment of the National Innovation of American Stables (Engineering) in law in July, creating a federal framework for stablecoins in the United States.
Following the signing of the bill, the capitalization of the Stablescoin market increased from around $ 253 billion to around 302.89 billion dollars, according to Defillama data.
Stablecoin stock market cup (Source: Defillama))
The Act on Engineering currently prohibits Stablecoin issuers from offering yields directly. However, banking groups have stressed that there are shortcomings that do not explicitly restore stable issuers to offer yields through third -party suppliers.
“Some lobbies are currently growing, after genius, to restrict more all kinds of awards associated with stable deposits,” according to Collison.
CEO of Coinbase, Brian Armstrong, published a video on X on September 29 after meeting various legislators and leaders of the industry, noting that banks try to repel the stablescoins, in particular the potential yields they could offer.
I have never been so optimistic about clear rules for crypto. It is obvious that the market structure is a freight train that has left the station.
But that did not prevent the big banks from coming for another document – this time paid by your crypto rewards. They want to undo your right … pic.twitter.com/hmpymagdhj
– Brian Armstrong (@brian_armstrong) September 29, 2025
“Banks want to ban the awards to maintain their monopoly, and we make sure that the Senate knows that saving big banks at the expense of the American consumer is not OK,” he wrote on X.
“All currency” will become stablecoins by 2030
Despite the decline in banks, the Crypto leaders consider stablecoins as the next great thing, and even went so far as to predict that the stablecoins will consume the inherited fiat payments.
Among these leaders is the co-founder of Tether, Reeve Collins, who declared at the Token2049 conference in Singapore that “any currency would be a stablecoin”.
“A stablecoin is simply a dollar, a euro, a yen or, you know, a traditional currency running on a blockchain rail by 2030,” he added.
“Each great institution, each bank, everyone wants to create their own stablecoin, because it is lucrative and it’s just a better way to transform,” said Collins.
Related items:
Best wallet – diversify your crypto wallet
- Easy to use cryptographic wallet, easy to use
- Get early access to ICO to toys to come
- Multi-chaînes, multi-walk, non-guardians
- Now on the App Store, Google Play
- Pape to win the native token $ the best
- 250,000+ monthly active users
Join our Telegram Channel to stay up to date on the coverage of information on the breakup
