Coinbase said to be looking into participating new stablecoin platform backed by Stripe, Visa, Mastercard
The platform could expand always-on settlement as stablecoins reach a $325 billion market cap, according to CoinGecko data.
- Three major payment networks—Stripe, Visa and Mastercard—are nearing launch of a joint stablecoin platform, according to people familiar with the initiative.
- The total stablecoin market cap is about $325 billion according to CoinGecko data, with Tether's USDT token commanding $115 billion of that value. These networks have increasingly focused on stablecoins as a strategic priority.
- Stripe acquired stablecoin infrastructure firm Bridge for $1.1 billion in late 2024, while Mastercard bought BVNK earlier this year. Visa expanded its stablecoin settlement pilot to nine blockchains including Ethereum and Solana.
- U.S.-Listed exchange Coinbase is exploring participation in the platform, building on its white-label stablecoin service announced late last year. The company declined to comment on specific plans.
- Coinbase and Circle Internet , issuer of the $76 billion USDC token, have shared revenue since August 2023, splitting proceeds 50/50 for USDC circulating in DeFi ecosystems. Their agreement renews in August this year.
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17 Articles
Stripe, Visa, Mastercard, and Coinbase form consortium to launch stablecoin
The consortium's stablecoin initiative could reshape global payments, challenging existing crypto leaders and leveraging vast distribution networks. The post Stripe, Visa, Mastercard, and Coinbase form consortium to launch stablecoin appeared first on Crypto Briefing.
Visa, Mastercard, Stripe, And Coinbase Partner Up For “Stablecoin Initiative”
Visa, Mastercard, Stripe, and Coinbase have reportedly partnered for a “stablecoin initiative.” It’s unclear, though, if the consortium plans to create a new token or a platform processing stablecoin payments. Key players in traditional finance (TradFi) and on-chain finance have recently forged a partnership for a new “stablecoin initiative.” The consortium consists of payments giant Visa and Mastercard, fintech company Stripe, and crypto exchan…
The stablecoins are now imposing themselves as essential monetary tools for traditional finance, to the point of motivating the giants Stripe, Visa and Mastercard to consider the launch of a common platform in the field. A project in which the crypto giant Coinbase seems to want to take part. What we know about... Will the article Stripe, Visa, Mastercard and Coinbase join forces to launch a new stablecoins platform? appeared first on Cryptoast.
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