Stripe CEO: Stablecoins Will Force Banks to Offer Competitive Deposit Yields

Stripe CEO Patrick Collison believes the growing popularity of stablecoins will eventually force banks to raise deposit yields or risk losing customers. Key Takeaways: Stripe CEO Patrick Collison says stablecoins will pressure banks to offer more competitive deposit yields. He criticized banks’ reliance on low-interest savings accounts, calling it an unsustainable and consumer-hostile strategy. As stablecoins grow, market forces may force traditional banks to adapt or lose customers. In a post res ...