Stablecoin

2024

Canton

would

<h2 id="payment-giants-close-in-on-unified-stablecoin-platform">Payment Giants Close In On Unified Stablecoin Platform</h2>
<p><cite>Global payment networks <a href="https://x.com/Stripe" rel="noopener noreferrer nofollow">@Stripe</a>, <a href="https://x.com/Visa" rel="noopener noreferrer nofollow">@Visa</a>, and <a href="https://x.com/Mastercard" rel="noopener noreferrer nofollow">@Mastercard</a> are close to introducing a new stablecoin platform, according to three people familiar with the plans.</cite><cite><a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a> is also looking into the possibility of participating in the stablecoin platform, one of the people said.</cite> The initiative is understood to be aimed at creating a standardized liquidity layer for digital asset settlement across global commerce.</p>
<p><cite><a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a>, <a href="https://x.com/Stripe" rel="noopener noreferrer nofollow">@Stripe</a>, and <a href="https://x.com/Visa" rel="noopener noreferrer nofollow">@Visa</a> declined to comment, while <a href="https://x.com/Mastercard" rel="noopener noreferrer nofollow">@Mastercard</a> had not responded to requests for comment by publication time.</cite></p>
<h2 id="years-of-stablecoin-groundwork">Years of Stablecoin Groundwork</h2>
<p>The platform would represent the convergence of several years of independent moves by each company into stablecoin infrastructure. <cite><a href="https://x.com/Stripe" rel="noopener noreferrer nofollow">@Stripe</a> acquired stablecoin infrastructure firm Bridge in late 2024 for $1.1 billion.</cite><cite><a href="https://x.com/Mastercard" rel="noopener noreferrer nofollow">@Mastercard</a>, which acquired stablecoin firm BVNK earlier this year, said this week it plans to expand always-on stablecoin settlement.</cite><cite>In April, <a href="https://x.com/Visa" rel="noopener noreferrer nofollow">@Visa</a> announced it was expanding a stablecoin settlement pilot to nine blockchains, adding Base, Polygon, Canton Network, Arc, and Tempo to existing support for Ethereum, Solana, Avalanche, and Stellar.</cite></p>
<p><cite>Late last year, <a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a> announced a white-label stablecoin service, as well as the Coinbase Business service for stablecoin payments.</cite> A potential complication for Coinbase's participation is its existing relationship with Circle, the issuer of USDC. <cite>A key consideration for <a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a> is its partnership with Circle, the issuer of USDC, with the two companies sharing revenue generated by the stablecoin since 2023.</cite></p>
<p><cite>Stablecoins are attracting growing attention from card networks as they offer a fast and secure means of settling international transactions. The total stablecoin market is currently valued at $325 billion.</cite> If the platform launches as reported, it would mark one of the most significant convergences of traditional payments infrastructure and crypto-native settlement to date.</p>
<p><strong>Sources:</strong><br><a href="https://www.coindesk.com/business/2026/06/03/payment-giants-stripe-visa-mastercard-said-to-be-among-backers-of-soon-to-debut-stablecoin-platform" rel="noopener noreferrer nofollow">CoinDesk: Payment Giants Stripe, Visa, Mastercard Said to Be Among Backers of Soon-to-Debut Stablecoin Platform</a><br><a href="https://cryptobriefing.com/stripe-visa-and-mastercard-close-launching-joint-stablecoin-platform/" rel="noopener noreferrer nofollow">Crypto Briefing: Stripe, Visa and Mastercard Are Close to Launching a Joint Stablecoin Platform</a></p>

Coinbase Set To Launch Stablecoin Platform?

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