Stripe CEO Patrick Collison has asserted that the emergence of yield-bearing stablecoins will compel traditional banks to offer more competitive interest rates on customer deposits, or risk losing them to blockchain-based alternatives. In a response to venture capitalist Nic Carter’s X post on October 4, 2025, Collison highlighted the stark disparity between conventional savings yields—0.40% in the US and 0.25% in the EU—and the potential for stablecoins to deliver “something closer to a market return on capital.” For fintech leaders, investors, and banking executives searching Stripe CEO stablecoins banks interest rates, yield-bearing stablecoins 2025, or stablecoin disruption traditional finance, Collison’s comments—made amid Stripe’s launch of Tempo, a stablecoin-focused blockchain—underscore the growing pressure on legacy institutions from digital assets offering yields of 5-10% or more. As the stablecoin market cap exceeds $300 billion, Collison’s warning signals a potential seismic shift in the $3.7 trillion global savings deposit landscape.
Collison’s Rationale: Yield Disparity as a Competitive Threat
Collison’s post responded to Carter’s analysis of yield-bearing stablecoins like Ethena’s USDe, which offer 5-15% APY through DeFi mechanisms, far outpacing traditional banks’ sub-1% rates. He argued that depositors “are going to, and should, earn something closer to a market return,” criticizing lobbying efforts to restrict stablecoin rewards under the GENIUS Act. Traditional banks, he implied, must innovate or face disintermediation.
| Region | Average Savings Rate | Stablecoin Yield Example | Gap |
|---|---|---|---|
| US | 0.40% | USDe (5-15%) | 4.6-14.6% |
| EU | 0.25% | EURT (3-8%) | 2.75-7.75% |
Stripe’s Role: Pushing Stablecoin Infrastructure
Collison’s comments coincide with Stripe’s Tempo launch—a blockchain optimized for stablecoins—and its Bridge acquisition, now processing billions in payments for clients like SpaceX and DolarApp. Stripe’s CEO has long championed stablecoins for their speed and cost savings, predicting they could handle $3.7 trillion in annual volume by 2030. cryptotelegraph
