Stripe CEO Patrick Collison said that due to the rise of income-based stablecoin options, stablecoins will force banks to offer competitive interest rates to their customers.
Mr. Collison points out that the average deposit rate for customers in both the US and Europe is well below 1 per cent, setting the stage for a stablecoin disruption. Savers will, and deserve, a near-market return on capital, he writes. Some lobby groups are now pushing for further restrictions on any form of reward associated with stablecoin deposits in the "post-GENIUS" era. The commercial purpose is clear - low-interest deposits are fine, but in my view, such disrespect for consumers is self-defeating.
Stripe CEO: Stablecoins will force banks to offer users competitive deposit rates
2025-10-04 22:29:54
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