Visa, Mastercard, and Stripe are reportedly backing a new joint STABLECOIN platform, with Coinbase considering participation, according to sources cited by CoinDesk, a collaboration between direct competitors that signals the scale of the threat each sees from stablecoin disruption of traditional payment rails. The announcement came on the same day Mastercard, which acquired BVNK for up to $1.8 billion earlier in 2026, announced plans to expand stablecoin settlement capabilities for issuers and acquirers. Visa, meanwhile, has expanded its stablecoin settlement pilot to nine blockchains and approximately $7 billion in annualized volume through its partnership with Bridge. A combined platform from these three players could direct the lion’s share of institutional stablecoin volume through a single interoperable infrastructure, challenging Tether and Circle‘s combined 80% grip on the $325 billion stablecoin market.
Visa and Mastercard Collaborate on New Stablecoin Platform
