FinanceShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailGlobal payment networks Stripe, Visa, and Mastercard are reportedly preparing to unveil a new stablecoin platform, as shared by three sources familiar with the initiative.
Coinbase is also exploring the option of joining the new stablecoin platform.
By Ian Allison|Edited by Sheldon RebackUpdated Jun 3, 2026, 11:53 a.m. Published Jun 3, 2026, 11:47 a.m. 2 min readMake preferred on
Key points:
- Stablecoins are increasingly becoming a priority for major card networks, with Stripe's acquisition of Bridge in 2024 and Mastercard's recent purchase of BVNK.
- Last year, Coinbase launched a white-label stablecoin service, along with the Coinbase Business service for stablecoin transactions.
Stripe, Visa, and Mastercard have not commented on this development, while Coinbase did not respond to inquiries. Mastercard had not provided feedback by the time of publication.
The stablecoin sector, valued at approximately $325 billion according to CoinGecko, has seen significant interest from large payment networks. Tether's USDT remains the market leader with a capitalization of $115 billion.
In late 2024, Stripe acquired stablecoin infrastructure provider Bridge for $1.1 billion. Mastercard, which acquired BVNK earlier this year, has stated its intention to enhance its stablecoin settlement capabilities.
Earlier this year, Visa announced an expansion of its stablecoin settlement pilot to include nine blockchains, adding Base, Polygon, Canton Network, Arc, and Tempo to its existing support for Ethereum, Solana, Avalanche, and Stellar.
Coinbase's white-label stablecoin service, along with its Coinbase Business service, was also introduced late last year.
Since August 2023, Coinbase and Circle Internet (CRCL), the issuer of the second largest stablecoin, have been in a revenue-sharing agreement that is set to be renewed this August. The USDC token currently has a market cap of $76 billion.
Under the terms of this agreement, Coinbase retains all interest income from USDC held on its platform, while sharing revenue 50/50 for USDC that circulates in off-platform and decentralized finance (DeFi) environments.
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