Free NewsletterPro Login
S&P 500 6,287 +0.42%
DOW 44,521 -0.18%
NASDAQ 21,103 +0.71%
S&P 500 +12.4%
Briefs Finance Fund +24.8%
JOIN THE FUND →

Stripe, Visa, And Mastercard Plan A Joint Stablecoin Platform

Published Jun 3, 2026
[tts_player]
Share:
Stacked gold Bitcoins and a single Bitcoin coin are placed on a surface next to a digital circuit pattern, with a "BriefsFinance" logo in the corner.
Summary:
  • Stripe, Visa, and Mastercard are building a joint stablecoin platform, with Coinbase reportedly exploring whether to join them.
  • The global stablecoin market is now worth roughly $325 billion, with on-chain settlement volume now rivaling traditional payment networks on a monthly basis.
  • Coinbase generated roughly $1.35 billion in stablecoin revenue last year through its Circle deal, which is up for renewal in August.

Stablecoins were pitched as a way around the card networks. Now the card networks are building their own.

Three people familiar with the plans say Stripe, Visa, and Mastercard are about to roll out a joint stablecoin platform, with Coinbase reportedly exploring whether to join them.

The Card Networks' Stablecoin Push

Stablecoins are digital tokens pegged to the dollar - useful for moving money quickly without routing through a bank. The big card networks have spent the past year buying their way into the space.

Stripe kicked things off in late 2024 with a $1.1 billion deal for Bridge, a company that builds stablecoin infrastructure.

Mastercard followed earlier this year by acquiring BVNK, while Visa pushed its own stablecoin pilot onto nine blockchains in April.

Building a joint platform is the next step. Instead of competing for the same slice of the same market, the three are pooling resources behind one set of pipes.

We track the moves reshaping payments and crypto every morning in Market Briefs - five minutes a day, plus a free investing masterclass when you sign up.

Why Now

The global stablecoin market is now worth roughly $325 billion, with Tether's USDT running the show at $115 billion.

Circle's USDC sits in second at $76 billion - and Coinbase happens to be Circle's biggest distribution partner.

Stablecoin transaction volume has climbed sharply, with on-chain settlement now rivaling traditional payment networks on a monthly basis. That kind of growth is hard for Visa, Stripe, and Mastercard to keep ignoring.

That's real money moving outside traditional payment rails, and for companies that earn fees on every swipe, wire, and cross-border transfer, the lost volume adds up fast.

If stablecoins are going to eat into card revenue, the networks would rather own a piece of the new pipes than watch from the sidelines.

Coinbase's Position

Coinbase already has a stablecoin deal in place with Circle, and that deal is up for renewal in August.

Under the current terms, Coinbase keeps 100% of the interest income from USDC held on its platform and splits the rest 50/50 with Circle - a structure that has helped fuel the exchange's revenue beyond trading fees.

Coinbase pulled in roughly $1.35 billion in stablecoin revenue last year, making the Circle deal one of its largest income streams outside trading fees.

Publicly weighing participation in a competing platform two months before that renewal gives Coinbase added leverage heading into the conversation.

What To Watch

The August renewal between Coinbase and Circle is the next milestone.

Also worth watching: whether the new platform launches with its own stablecoin or routes through existing ones, and how regulators respond to three of the biggest names in payments controlling a major piece of how dollars move online.

When Visa, Stripe, and Mastercard agree on anything, the rest of the market tends to follow.

Want to stay ahead of stories like this? Join 350,000+ investors reading Market Briefs and get a 45-minute investing course thrown in as a bonus.

Disclosure

Recent News

1 2 3 27

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

June 18, 2026
What Is a Stop Loss Order? A Simple Guide
  • A stop loss order automatically sells a stock once it falls to a price you set.
  • It's a tool to cap losses or lock in gains without watching the market all day.
  • It works best for active strategies, and can backfire if used carelessly on long-term holdings.
Read More
June 18, 2026
Best S&P 500 Index Fund: How to Choose One
  • The best S&P 500 index fund for most investors is simply the cheapest, most established one that tracks the index well.
  • Funds like VOO, IVV, and SPY all hold the same 500 companies, so the biggest difference is the fee.
  • Pick one, automate your buys, and let time do the heavy lifting.
Read More
June 17, 2026
What Are Penny Stocks? Risks and Rewards Explained
  • Penny stocks are very low-priced shares of very small companies, often trading for just a few dollars or less.
  • They promise huge gains but carry huge risks: low liquidity, high failure rates, and wild price swings.
  • Most investors are better served by quality companies and funds than by chasing cheap shares.
Read More
June 17, 2026
Best Stocks for Beginners With Little Money
  • The best stocks for beginners with little money usually aren't individual stocks at all - they're low-cost index funds.
  • You can start with $100 or less and use small, regular investments to build wealth over time.
  • Focus on diversification and consistency, not on picking the next big winner.
Read More
June 16, 2026
Tech Stocks: A Simple Guide for New Investors
  • Tech stocks are companies in the information technology and related sectors, from software to chips to the internet giants.
  • They've driven much of the market's growth, but they can be volatile and richly valued.
  • The smart approach is to understand what you own and not let one sector run your whole portfolio.
Read More
June 16, 2026
What Is a Joint Stock Company? A Simple Guide
  • A joint stock company is a business owned by many people, each holding shares of stock that represent a slice of ownership.
  • It's the basic idea behind every public company you can buy on the stock market today.
  • Owning a share makes you a part-owner, entitled to a piece of the profits and growth.
Read More
June 16, 2026
Capital Gains Tax in California: A Simple Guide
  • Capital gains tax is what you owe when you sell an investment for more than you paid for it.
  • How long you held it matters: long-term gains are taxed more gently than short-term gains at the federal level.
  • Smart investors lower the bill with tools like tax-loss harvesting and holding for the long run.
Read More
June 15, 2026
Top Covered Call ETFs: How to Compare Them
  • Top covered call ETFs are income funds that own stocks and sell call options against them to generate steady cash.
  • The best one for you is the fund whose income, holdings, and fees fit your goals, not simply the one with the flashiest yield.
  • They all share one trade-off: more income today, less upside in a big rally.
Read More
June 15, 2026
What Are Stock Options? A Plain-English Guide
  • Stock options are contracts that give you the right, but not the obligation, to buy or sell a stock at a set price by a set date.
  • There are two kinds: calls (the right to buy) and puts (the right to sell).
  • Options can multiply gains or wipe out your money fast, so they suit investors who already know the basics.
Read More
June 15, 2026
EBITDA Margin: What It Is and How to Calculate It
  • EBITDA margin measures how much core profit a company keeps from each dollar of sales, before interest, taxes, and accounting deductions.
  • The formula is EBITDA divided by revenue, shown as a percent.
  • A higher, steadier EBITDA margin usually signals a more efficient, more durable business.
Read More
1 2 3 23
Share via
Copy link