Stripe, Mastercard, Visa Near Launch of Joint Stablecoin Platform, Coinbase May Join

According to CoinDesk, Stripe, Mastercard, and Visa are nearing the rollout of a joint stablecoin system, with possible participation from Coinbase.

Meanwhile, data from CoinGecko shows the stablecoin market’s total capitalization at around $325 billion, underscoring the sector’s growing scale as activity continues to expand.

Against this backdrop, major payments firms have also been making strategic moves in the space: Stripe purchased Bridge, a stablecoin infrastructure firm, for $1.1 billion, Mastercard completed its takeover of BVNK, and Visa has expanded its stablecoin settlement pilot to support nine blockchains.

Source: CoinDesk