U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform.

U.S. crypto exchange Coinbase is also said to be looking into the possibility of participating in the new stablecoin platform.

Mastercard’s settlement push follows its New York BitLicense approval and comes as Visa, MoneyGram and Western Union deepen stablecoin use.

Stripe, Visa, and Mastercard are preparing to introduce a stablecoin platform, with Coinbase also considering involvement.

Visa, Mastercard, and Stripe are reportedly backing a new stablecoin platform while each firm builds separate infrastructure.