Tag Archives: Sweep

How Will Stripe Treasury and Balance Impact SMB Banks?

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I am a loyal Bank of America customer (personal and business); I have absolutely no interest in changing banks given their 20+ year history of consistent service. I’m also a Stripe customer (blog payments) and am fantastically satisfied with their payment processing. Yesterday I received this email from Stripe.

I’m now enabled for Stripe Treasury. With a single button click I can now move money in real time anywhere in the world for $0 cost and earn 1% on my balance. 

This is an amazing value proposition. My 15 seconds of effort to turn this on led me to think about the impact of Treasury and Balance on SMB banks. Feedback appreciated.

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Stablecoin Rewards’ Last Hope – Clarity Act

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Summary

  • Clarity Act stuck in Senate on Stablecoin Rewards, 70% chance of passage this year
  • Stablecoin yield (or anything that resembles it) goes away, and rewards look more like what you have on your Visa card. Coinbase pulled out because of crypto restrictions in the bill (not stablecoin).
  • Industry will likely pivot to sweep, and Stableocin becomes just another rail, which will require consumer and merchant adoption, without the big “draw” of balance rewards. Thus, balances stay in transactional and interest-bearing accounts, and friction increases w/ stablecoin payments.
  • Politics of key players and quotes in blog today.

The Digital Asset Market Clarity Act of 2025 (H.R. 3633) is the last hope for Stablecoin issuers to save rewards. While the bill passed the House with a strong bipartisan vote on July 17, 2025, its progress has stalled in the Senate (as of Feb 2028) with intense disagreements regarding the regulation of stablecoin “rewards” and yield-like incentives.

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