Source: Visa and Mastercard are in talks with Stripe and Coinbase for a stablecoin platform partnership

BlockBeats News, June 8th, according to Fortune citing insider sources, Visa and Mastercard are in discussions with companies such as Stripe and Coinbase to form a stablecoin alliance and launch a new stablecoin platform, with the negotiations possibly involving more participants.

If the collaboration is finalized, it will have a significant impact on the over $300 billion stablecoin market. With Visa, Mastercard, and Stripe's extensive coverage in the global retail payment sector, the new platform is expected to further promote the mainstream adoption of stablecoins in everyday payment scenarios.

The market is also paying attention to the impact of this plan on Circle. Currently, USDC holds the majority share of the regulated stablecoin market in North America and Europe. Industry insiders believe that Visa, Mastercard, and Coinbase may leverage the alliance to drive merchants to use proprietary stablecoins, thereby gaining new revenue sources such as reserve interest.

For Coinbase, it still benefits from the agreement reached with Circle in 2023, securing a significant share of the USDC reserve earnings, while Circle is responsible for major operational and regulatory affairs. However, as the two parties renegotiate their cooperation terms in the future, Coinbase may seek more opportunities through new stablecoin partnerships.

Reports indicate that the companies involved have not yet reached a formal agreement, and may not have even signed a Memorandum of Understanding (MOU) at this stage, as they are still in the preliminary discussion phase. Analysts believe that establishing a cross-industry alliance faces challenges such as complex coordination, competitive relationships, and antitrust reviews, so it will take several months before the project can truly materialize, and there is still uncertainty as to whether it can ultimately proceed.