Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform
Major payment processors including Stripe, Visa, and Mastercard are reportedly backing a new stablecoin platform. This move signals a deeper integration of cryptocurrency settlement technology into traditional global financial networks.
Why it matters
The involvement of established financial giants in stablecoin infrastructure suggests a significant shift toward the mainstream adoption of blockchain-based payments.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform. By Ian Allison | Edited by Sheldon Reback Updated Jun 3, 2026, 11:53 a.m. Published Jun 3, 2026, 11:47 a.m. 2 min read Make preferred on (Shutterstock) What to know : Stablecoins are a focal point for the large card networks, with Stripe acquiring Bridge in 2024 and Mastercard buying BVNK earlier this year. Late last year, Coinbase announced a white-label stablecoin service, as well as the Coinbase Business service for stablecoin payments. Global payment networks Stripe, Visa and Mastercard are close to introducing a new stablecoin platform, according to three people familiar with the plans.
The article reports on financial industry developments using neutral, industry-standard terminology.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in