Stripe, Visa, and Mastercard Plan to Join Forces to Develop a Stablecoin Platform, with Coinbase Also **Expressing Interest**

BlockBeats News, June 3rd, according to sources familiar with the matter, global payment network Stripe, Visa, and Mastercard are close to jointly launching a new stablecoin platform, with Coinbase also considering participating. Currently, Stripe and Visa have declined to comment, while Mastercard has not responded. If true, this will be the first large-scale joint layout of stablecoin infrastructure between traditional payment giants and a crypto exchange platform, shifting the stablecoin competition from a single company product to industry infrastructure-level cooperation.

Previously, Stripe acquired the stablecoin infrastructure company Bridge for $1.1 billion at the end of 2024, Mastercard acquired BVNK earlier this year and announced the expansion of round-the-clock stablecoin settlement this week, and Visa expanded its stablecoin settlement pilot to nine blockchains in April. As for Coinbase, it launched white-label stablecoin services and enterprise-oriented stablecoin payment products at the end of last year. Its revenue-sharing agreement with Circle for USDC is set to expire in August this year—currently, with USDC's market cap at around $76 billion, the agreement stipulates that Coinbase retains 100% of the interest income from USDC within the platform, splitting the on-chain and DeFi circulating portion equally.