Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform
Analysis
Price Impact
HighThe involvement of major payment giants like stripe, visa, and mastercard in a new stablecoin platform, along with potential participation from coinbase, indicates a significant push towards mainstream adoption and integration of stablecoins into traditional finance. this could lead to increased demand and utility for stablecoins, potentially boosting their value and stability.
Trustworthiness
HighPrice Direction
BullishIncreased adoption, utility, and backing from major financial players are likely to drive demand for stablecoins like usdt and usdc, potentially leading to price appreciation and greater market capitalization. it could also signal a positive trend for other related cryptocurrencies as the broader crypto ecosystem benefits from mainstream integration.
Time Effect
LongThe full impact of this new stablecoin platform will likely unfold over the long term as integrations are built, user adoption grows, and regulatory clarity solidifies. initial news may cause short-term fluctuations, but the sustained impact will be measured over months and years.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform. By Ian Allison | Edited by Sheldon Reback Jun 3, 2026, 11:47 a.m. 1 min read Make preferred on (Shutterstock) What to know : Stablecoins are a focal point for the large card networks, with Stripe acquiring Bridge in 2024 and Mastercard buying BVNK earlier this year. Late last year, Coinbase announced a white-label stablecoin service, as well as the Coinbase Business service for stablecoin payments. Global payment networks Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to three people familiar with the plans. U.S.-listed cryptocurrency exchange Coinbase (COIN) is also looking into the possibility of participating in the stablecoin platform, one of the people said. Coinbase, Stripe and Visa declined to comment. Mastercard had not responded to requests for comment by publication time. Stablecoins, one of the busiest areas of crypto, have become a focal point for the large card networks and payments players. The total stablecoin market cap is about $325 billion, according to CoinGecko data. The market is dominated by Tether's USDT, at $115 billion. Stripe acquired stablecoin infrastructure firm Bridge in late 2024 for $1.1 billion. Mastercard, which acquired stablecoin firm BVNK earlier this year, said this week it plans to expand always-on stablecoin settlement . Late last year, Coinbase announced a white-label stablecoin service, as well as the Coinbase Business service for stablecoin payments. Since August 2023, Coinbase and Circle Internet (CRCL), issuer of the second largest stablecoin, have had a revenue-sharing agreement, which comes up for renewal in August this year. The token, USDC, has a market cap of $76 billion. Under the deal Coinbase keeps 100% of the interest income generated from USDC held on the exchange, while splitting revenue 50/50 for USDC circulating across all off-platform and decentralized finance (DeFi) ecosystems. Stablecoins Coinbase Exclusive More For You DeFi won't win over big banks until it fixes its hacking problem, executives say By Olivier Acuna | Edited by Sheldon Reback 2 hours ago Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption. What to know : Industry executives say DeFi’s long-term value lies in overhauling banks’ back-office operations rather than in speculative trading. Institutional capital will remain sidelined, however, until DeFi addresses persistent security flaws. Societe Generale said regulated banks can close these gaps with tokenized assets and bank-issued stablecoins, offering the safety and custody that... Read full story Latest Crypto News Crypto PACs go undefeated in June primaries as Fairshake scores bipartisan winning streak 1 minute ago Bitcoin momentum gauge hints at recovery. Experts remain cautious. 28 minutes ago Bitcoin steadies at $67,000, faces critical juncture after sliding 9.5% in seven days 1 hour ago Apparent Zcash outage was a block explorer problem, infrastructure provider says 1 hour ago UK's financial watchdog cracks down on Premier League crypto partnerships 1 hour ago Trezor says your crypto is safe after Ledger audit exposes a hardware flaw 1 hour ago Top Stories DeFi won't win over big banks until it fixes its hacking problem, executives say 2 hours ago Bullish crypto bets lose $1.6 billion as ETH, SOL, DOGE drop 9% 6 hours ago Banks' survey says people don't want to rock the boat if stablecoin yield risks lending 2 hours ago Bitcoin's slide to $66,000 is accelerating a shift into digital dollars 9 hours ago Prediction market traders bet bitcoin's selloff has further to run 5 hours ago Bullish XRP signals are piling up. The price keeps falling. 6 hours ago