Mastercard Joins Visa, Stripe in $325bn Stablecoin Platform Launch, Expands to Nine Blockchains
MA•Mastercard, alongside Visa and Stripe, is nearing launch of a new stablecoin payments platform with Coinbase exploring participation, joining a $325bn market dominated by USDT. The collaboration follows Mastercard’s BVNK acquisition and aims to expand its blockchain settlement network across nine blockchains.
1. Launch of New Stablecoin Platform
Mastercard is collaborating with Visa and Stripe on a stablecoin-based payments platform, with Coinbase evaluating participation; the initiative targets the $325bn stablecoin market led by USDT and seeks to streamline blockchain-enabled transactions.
2. Expansion of Blockchain Settlement Network
Following its BVNK acquisition, Mastercard plans to extend its settlement network across nine blockchains, enhancing its infrastructure for digital asset transactions and positioning itself against intensifying competition in digital payments.
