{"id":970,"date":"2026-06-08T14:43:50","date_gmt":"2026-06-08T14:43:50","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=970"},"modified":"2026-06-08T14:43:50","modified_gmt":"2026-06-08T14:43:50","slug":"visa-and-mastercard-are-planning-to-shake-up-the-stablecoin-market-but-pulling-it-off-wont-be-easy","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=970","title":{"rendered":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy"},"content":{"rendered":"<div>\n<p>According to a CoinDesk report, the credit card giants are in talks with Stripe and Coinbase to launch a stablecoin platform. The report, based on anonymous sources, offered little in the way of timeline or details. I looked into this and learned there is indeed talk of a new consortium, and that additional companies may be involved in the talks.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=968\">Tech leaders are moving beyond AI hype: Here\u2019s what\u2019s actually working<\/a><\/p>\n<p>If anything comes of this, it will have big implications for a stablecoin market whose value is above $300 billion. For starters, the new partnership would accelerate the adoption of stablecoins throughout the retail payment system, where the trio of Visa, Mastercard, and Stripe already carry out a huge chunk of everyday transactions.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>There\u2019s also the question of what this means for Circle, whose flagship USDC token accounts for the majority of regulated stablecoin activity in North America and Europe. The chatter around the would-be consortium is about a stablecoin \u201cplatform,\u201d but it\u2019s a safe bet that Mastercard, Visa and Coinbase would use this arrangement to nudge their millions of merchant clients to use some sort of in-house token. Doing so would open up a stream of new revenue opportunities from reserve interest and more.<\/p>\n<p>As for Coinbase, it\u2019s tougher to see what it would gain from opening a stablecoin platform with Stripe and the credit card giants. Currently, the company is enjoying a sweet deal thanks to a 2023 contract with Circle that lets it collect the lion\u2019s share of the interest from USDC reserves, while the latter looks after most of the operational and regulatory responsibility. This arrangement is not permanent, though, and no doubt Circle will be feeling less generous when it\u2019s time to negotiate the terms. All of this suggests Coinbase may see better opportunities in trying its luck with a new stablecoin partnership.<\/p>\n<p>The biggest question, though, is whether any of this will happen in the first place. Based on my conversations, there is no formal deal as yet and perhaps not even MOUs. For now, the report of \u201ctalks\u201d appears to be just that\u2014and talks happen all the time in this business world. While a grand stablecoin bargain could go forward, history shows consortiums are harder than they seem. Just recall Facebook\u2019s big Libra partnership plans in 2019 or R3\u2019s scheme to build a blockchain coalition of banks a decade ago.<\/p>\n<p>For the would-be stablecoin partnership, the companies will have to achieve a level of trust that is difficult for competitors, and also find a way to hammer out the details across multiple large corporate bureaucracies. And even in the laissez-faire Trump era, it seems likely that antitrust regulators would take a hard look at any plan by the world\u2019s largest payment companies to go into business together. For now, though, it\u2019s early days and it will likely be months before we hear more about this\u2014if it goes anywhere at all.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>jeff.roberts@fortune.com<br \/>@jeffjohnroberts<\/p>\n<h3>DECENTRALIZED NEWS<\/h3>\n<p><span>Crypto <\/span><b>VC firm Variant<\/b><span>, a proponent of decentralized ownership, <\/span><b>raised $222 million<\/b><span> for a new fund with a thesis focused on blockchain, AI, and autonomy. (<\/span><i><span>Fortune<\/span><\/i><span>)<\/span><\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=966\">In this AI-driven world, Tod Boehly has spotted the best test for leadership. Someone who is willing to say \u201cI don\u2019t know\u201d<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p><b>Andrew Yang<\/b><span>\u2019s low-cost mobile phone business <\/span><b>acquired<\/b><span> the once-buzzy tokens-for-WiFi startup <\/span><b>Helium Mobile<\/b><span> for an undisclosed amount. (<\/span><i><span>Fortune<\/span><\/i><span>)<\/span><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p><b>JPMorg<\/b><b>an Chase, Citi<\/b><span>, and other banks plan to launch a 24\/7 <\/span><b>tokenized deposit network<\/b><span> in 2027 aimed at big institutions that will offer programmable treasury operation and real-time liquidity management. (<\/span><i><span>WSJ<\/span><\/i><span>)<\/span><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p><b>Zcash crashed 40%<\/b><span> on the discovery of a bug that could allow <\/span><b>unlimited minting<\/b><span>. The bug is patched but investors remain skittish as it remains unclear whether bad actors issued counterfeit coins. (<\/span><i><span>Decrypt<\/span><\/i><span>)<\/span><\/p>\n<p><span>A new Chainalysis report reveals that crypto is fueling <\/span><b>a $100 million gray market in peptides<\/b><span> from China.<\/span><b> Our reporter gave it a try.<\/b><span> (<\/span><i><span>Fortune<\/span><\/i><span>)<\/span><\/p>\n<h3>MAIN CHARACTER OF THE WEEK<\/h3>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Michael Saylor<span> is back in the hot seat after Strategy did the unthinkable and sold Bitcoin as its founder tries to pull off the impossible by paying dividends, propping up its share price, and amassing Bitcoin all in a brutal bear market.<\/span><\/p>\n<h3>MEME O&#8217; THE MOMENT<\/h3>\n<p><span>Just when Crypto Twitter was feeling flat, along comes Hunter Biden. The redeemed crackhead is charming everyone with his self-deprecatory humor\u2014and big enthusiasm for the Clarity Act.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=964\">Jenn Landis rebuilt Citi\u2019s Wall Street credibility. Her reward: CFO of a $22 billion business<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There are talks of a rumored consortium involving Stripe, Coinbase and others. But don\u2019t count on it happening.<\/p>\n","protected":false},"author":1,"featured_media":969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[],"class_list":["post-970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortune-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=970\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"There are talks of a rumored consortium involving Stripe, Coinbase and others. But don\u2019t count on it happening.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=970\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-08T14:43:50+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy\",\"datePublished\":\"2026-06-08T14:43:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970\"},\"wordCount\":777,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/112545431a6c9d4da614d3958ec82ea1.webp\",\"articleSection\":[\"Fortune Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970\",\"name\":\"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/112545431a6c9d4da614d3958ec82ea1.webp\",\"datePublished\":\"2026-06-08T14:43:50+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/112545431a6c9d4da614d3958ec82ea1.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/112545431a6c9d4da614d3958ec82ea1.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=970#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=970","og_locale":"en_US","og_type":"article","og_title":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team","og_description":"There are talks of a rumored consortium involving Stripe, Coinbase and others. But don\u2019t count on it happening.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=970","og_site_name":"Cross Country Moving Team","article_published_time":"2026-06-08T14:43:50+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=970#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy","datePublished":"2026-06-08T14:43:50+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970"},"wordCount":777,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/112545431a6c9d4da614d3958ec82ea1.webp","articleSection":["Fortune Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=970#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=970","url":"https:\/\/crosscountrymovingteams.com\/?p=970","name":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/112545431a6c9d4da614d3958ec82ea1.webp","datePublished":"2026-06-08T14:43:50+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=970#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=970"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=970#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/112545431a6c9d4da614d3958ec82ea1.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/112545431a6c9d4da614d3958ec82ea1.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=970#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Visa and Mastercard are planning to shake up the stablecoin market\u2014but pulling it off won\u2019t be easy"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=970"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/969"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}