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Stripe, Visa, Mastercard and Coinbase Said to Form Stablecoin Consortium

Stripe, Visa, Mastercard and Coinbase Said to Form Stablecoin Consortium

A report says the group is preparing a stablecoin initiative that could use major payment distribution networks to challenge existing crypto payment and digital-dollar infrastructure providers.

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Fact Check
The official Mastercard press release dated June 3, 2026 ('Mastercard expands settlement capabilities to include stablecoin, intraday, holiday and weekend options') directly confirms the claim, listing the supported regulated stablecoins and the eight blockchains, and stating the addition of intraday, weekend and holiday settlement alongside existing fiat systems. CoinDesk and Crypto Briefing independently corroborate these specifics.
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Summary

Stripe, Visa, Mastercard and Coinbase are forming a consortium to launch a stablecoin initiative, according to Crypto Briefing, adding to a broader push by major payments companies into blockchain-based settlement. The reported effort could reshape global payments by pairing stablecoins with the reach of established card and payments networks, potentially challenging current crypto leaders in digital-dollar infrastructure. The development follows Mastercard’s separate plan to expand settlement across its global payments network to support intraday, weekend, and holiday card settlement using fiat currencies and regulated stablecoins. Initial support is set to include Circle’s USDC, Paxos-issued PYUSD, USDG, and USDP, Ripple’s RLUSD, and SoFi’s SoFiUSD across Ethereum, Solana, Polygon, Base, Arbitrum, Canton, Tempo, and the XRP Ledger, with ARQ, formerly DolarApp, CBW Bank, Cross River, Lead Bank, and Nuvei among the expected early participants in the United States and Latin America. Taken together, the moves underscore how large financial and payments groups are increasingly treating stablecoins as a tool for faster, always-on settlement and cross-border money movement.

Terms & Concepts
  • Stablecoin initiative: A project centered on using fiat-pegged digital tokens for payments, transfers, or settlement.
  • Settlement: The final transfer of funds that completes a payment or financial transaction.
  • XRP Ledger: A blockchain network used for issuing and transferring digital assets.