Multiple reports indicate that payment titans Stripe, Visa, Mastercard, and crypto exchange Coinbase are in discussions to launch a new stablecoin initiative, aiming to disrupt a market currently dominated by Tether (USDT) and Circle (USDC).
The collaboration, if realized, would combine some of the most influential names in both traditional finance and digital assets. While the companies have not officially confirmed the project, insiders suggest talks are underway for a jointly backed token and a dedicated platform tailored for cross-border payments.
The stablecoin sector, now valued at approximately $325 billion, is overwhelmingly controlled by Tether and Circle, which together hold roughly 80% of the market. This potential entry signals the most significant competitive shake-up since USDT and USDC rose to dominance.
Coinbase’s involvement is especially strategic, as it is already one of USDC’s largest distribution partners. The move could accelerate institutional adoption of stablecoins for faster and cheaper global transactions, reinforcing the trend of mainstream payment firms embracing digital currencies.
