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

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

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