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.

Stripe, Visa, Mastercard, and Coinbase are forming a consortium to launch a new stablecoin, challenging Tether and Circle's 80% grip on the $325 billion