Visa, Mastercard Discuss Stablecoin Alliance with Stripe, Coinbase on June 8

According to Fortune on June 8, Visa, Mastercard, Stripe, and Coinbase are in preliminary discussions about forming a stablecoin alliance and launching a new stablecoin platform, with negotiations potentially involving additional parties. If finalized, the collaboration could significantly impact the stablecoin market, which exceeds $300 billion. Leveraging the global retail payment reach of Visa, Mastercard, and Stripe, the new platform could accelerate stablecoin adoption in everyday payment scenarios. No formal agreement has been reached yet, and participants have not signed a memorandum of understanding, according to the report.
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