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Stripe, Visa & Mastercard Are Building Stablecoin Rails Together
The Payments Giants Are Making Their Move
CRYPTO NAVIGATOR
Hey crew,
Three of the world's largest payment networks are reportedly nearing the launch of a joint stablecoin platform.
And this isn't just another crypto partnership.
Stripe, Visa, Mastercard, and potentially Coinbase are converging on shared settlement infrastructure as the stablecoin market surpasses $325 billion.
The timing tells a bigger story.
With the GENIUS Act moving closer to enforcement and Coinbase's lucrative USDC revenue-sharing agreement with Circle set to renew in August, the industry's largest players appear to be positioning themselves before the next phase of stablecoin adoption begins.
CRYPTO INSIDER
🔥 Why This Is Happening Now
Over the last 18 months, each company has been quietly building its stablecoin empire:
Stripe
✅ Acquired Bridge for $1.1 Billion in 2024
Mastercard
✅ Acquired BVNK earlier this year
Visa
✅ Expanded stablecoin settlement pilots to 9 blockchains in April
Coinbase
✅ Launched Coinbase Business for stablecoin payments
✅ Developed white-label stablecoin infrastructure
The result?
The biggest names in payments are no longer experimenting with stablecoins.
They're building the rails.
CRYPTO INFO
💰 The Coinbase Wild Card
One major variable remains:
Coinbase's USDC partnership with Circle.
Under the current agreement:
• Coinbase keeps 100% of interest income generated from USDC held on its exchange.
• Coinbase and Circle split revenue 50/50 on USDC circulating elsewhere.
That agreement expires in August.
Many analysts believe Coinbase's participation in this new network could depend heavily on how those negotiations unfold.
CRYPTO INFO
Why This Matters
If Visa, Mastercard, and Stripe successfully launch a shared stablecoin settlement network:
• Traditional payment processors gain direct control of stablecoin infrastructure.
• Merchants gain faster and cheaper settlement options.
• Stablecoin adoption could accelerate dramatically.
• Independent issuers may struggle to compete.
• USDT and even USDC could become secondary settlement layers rather than primary networks.
This could reshape who controls the future of digital payments.
CRYPTO INFO
👀 What's Next?
The biggest test won't be technology.
It will be whether three competing payment giants can operate on shared rails without undermining their own businesses.
At the same time, all eyes remain on Coinbase and Circle's August negotiations.
The outcome could determine who controls the next generation of digital dollar infrastructure.
🎯 Our Take
This doesn't look like a simple product launch.
It looks like positioning.
With regulatory clarity approaching through the GENIUS Act and Coinbase's Circle agreement approaching renewal, the largest payment companies appear to be staking their claim before stablecoins move into the financial mainstream.
The race is no longer about who launches a stablecoin.
The race is about who owns the rails everyone else has to use.
And the biggest players just entered the same lane.
CRYPTO ECONOMY
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