Stripe’s rollout of stablecoin payment processing has ignited fierce debate after the payments giant announced it would charge businesses 1.5% to transfer digital dollars that cost fractions of a cent on blockchain networks. The company now supports USD-settled stablecoin payments across Ethereum , Base, and Polygon, with USDC , USDP , and USDG available through its platform, marking a significant expansion of its crypto infrastructure following its $1.1 billion acquisition of Bridge earlier this year . Critics immediately highlighted the stark disparity between Stripe’s fees and the actual costs of blockchain transactions. Sterling Crispin, a software developer, started the debate, arguing that sending $200 USDC on Base cost him just $0.000193 in transaction fees, 0.00009% of the transfer amount, while Stripe would charge $3 for the same transaction. Incredible innovation, @stripe is charging 1.5% to transfer USDC. I recently sent $200 of USDC on @base and my transaction fee was 0.00009% , or $0.000193. The tx fee would have been the same for $1 or $100M USDC Charging 1.5% simply to send USDC is ludicrously unreasonable https://t.co/uXwubcBpJm pic.twitter.com/SBL0qTHAO9 — Sterling Crispin (@sterlingcrispin) December 8, 2025 “ Charging 1.5% simply to send USDC is ludicrously unreasonable ,” Crispin wrote, calculating that Stripe would have extracted $24,818 in fees for a $1.65 million transfer that cost the sender $0.000412 on-chain. Defenders Cite Value Beyond Transaction Costs Industry observers defending Stripe’s pricing argue the fee reflects services beyond raw blockchain transactions. Matt Silvestri noted that Stripe custodies USDC, converts it to USD, and deposits fiat into merchants’ bank accounts, an infrastructure that traditional bank accounts cannot handle directly. “ While I agree it sounds high, this fee is for abstracting all complexity away from accepting USDC ,” Silvestri explained, adding that 1.5% remains substantially lower than the 3% plus 30 cents per transaction charged by credit card processors. Stablecoin payments are coming to @stripe and some people are upset that they are charging 1.5%. Stripe users are not crypto degens willing to download wallets with private keys to send USDC by themselves and go through all the operational hassle attached to it. They will gladly… https://t.co/4faizEM42G pic.twitter.com/GavivKrImk — Youngsun Shin (@youngsun) December 9, 2025 Youngsun Shin, Head of Product at Flipster, also commented that Stripe users are “ not crypto degens willing to download wallets with private keys to send USDC by themselves. ” He argued that merchants will “ gladly pay the processing fees ” to avoid operational complexity, noting that Stripe’s stablecoin integration brings “ massive amounts of money on-chain ” while benefiting networks like Polygon, Base, and Solana. Liz Bazurto, Director of BD at Consensys, echoed this perspective, noting that merchants have paid 2.5% to 4% on card transactions for decades while dealing with issues such as incorrect amounts, accounting requirements, and USD payroll needs. Strategic Implications for Crypto Adoption Haseeb Qureshi of Dragonfly Capital also stepped in, characterizing Stripe’s pricing as evidence of an incumbent “ clinging to their old business model, ” comparing it to telecoms offering discounted VoIP rates while Skype provided free calling. “ This is so bullish for all the crypto companies ,” Qureshi wrote, predicting that merchants will easily switch to lower-cost stablecoin APIs once they achieve feature parity with Stripe’s offering. He warned that stakeholders should “ be scared when the incumbents drop the fees to ~0. “ You don't understand–this is actually great. It's exactly what you want to see. This is the incumbent clinging to their old business model. This is your telco offering VoIP calling for 50% discounted long-distance rates, while Skype was free. This is so bullish all the crypto… https://t.co/4att1teBb0 — Haseeb ＞|＜ (@hosseeb) December 9, 2025 Similarly, Bette Chen of Gluon described Stripe’s approach as “ the classic walled-garden tax, ” where fintech companies build elegant user experiences “ but on old rails with old economics. ” She envisions an inversion in which platforms offer “ Web2 on the outside, crypto rails on the inside, ” enabling users to experience instant, global, and nearly free transactions without realizing they’re using crypto infrastructure. Mikko Ohtamaa of Trading Strategy also suggested that stablecoin adoption could dramatically impact low-margin international e-commerce businesses, noting that eliminating Stripe’s 1.5% fee could increase profit margins by approximately 20% for companies operating with an 8% inventory markup. Banks Face Mounting Competitive Pressure The controversy emerges amid broader structural shifts in financial infrastructure documented in recent industry analysis. According to StablecoinInsider , eight of the ten largest neobanks now use stablecoin rails internally for treasury settlement and cross-border payments, with platforms like Revolut and Wise routing internal liquidity through stablecoins without branding it as crypto. Revolut isn't telling you this. 8 of the 10 largest neobanks now use stablecoin rails internally for treasury settlement and cross-border payments. When you send an "instant transfer" through their app, the backend is settling on public blockchain networks in under a second… pic.twitter.com/ahmd8F8cZh — James | Ethereum Foundation ⟠ | Snapcrackle.eth (@Snapcrackle) December 9, 2025 Traditional wire transfers costing $45 with three-to-five-day settlement periods face competition from stablecoin rails charging $0.50 with 30-second finality. Notably, this debate surfaced as Stripe CEO Patrick Collison recently argued that stablecoin growth will force banks to raise deposit yields beyond current rates of 0.40% in the US and 0.25% in the EU. “ Cheap deposits are great, but being so consumer-hostile feels to me like a losing position, ” Collison stated, predicting that depositors will demand “ something closer to a market return on their capital ” as stablecoin alternatives proliferate. The post Stripe Charges 1.5% for Stablecoin Transfers That Cost $0.0002 On-Chain appeared first on Cryptonews .
