Visa and Mastercard are reportedly in talks with Stripe and Coinbase to form a stablecoin alliance

Odaily reports that payment giants Visa and Mastercard are in discussions with Stripe and Coinbase to form a stablecoin alliance and launch a stablecoin platform. If the plan materializes, it could reshape the current stablecoin market, dominated by USDT and USDC, which is valued at over $300 billion. This alliance could accelerate the adoption of stablecoins in retail payment scenarios. Leveraging the vast merchant networks of Visa, Mastercard, and Stripe, the new platform may encourage merchants to adopt the alliance's internal stablecoins, while generating new revenue streams, such as reserve interest, for participants. However, the plan is still in early discussions, and no formal agreement has been reached yet. (Fortune)