Payment Giants Unite to Launch Stablecoin Platform

Payment giants Stripe, Visa, and Mastercard are reportedly working together on a joint stablecoin platform. This collaboration marks the latest development in the growing trend of major financial institutions embracing digital dollar infrastructure.

The partnership aims to provide a seamless settlement experience for users, particularly in cross-border transactions where traditional banking hours can be restrictive. With this new initiative, users will have more flexibility in managing liquidity and card-based transaction settlement.

Mastercard has announced plans to expand its settlement capabilities to include fiat currency, regulated stablecoins, intraday settlement, weekend settlement, and holiday settlement. The supported blockchain networks include Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo, and the XRP Ledger.

Ripple's RLUSD has been added to Mastercard's on-chain settlement rollout, along with other stablecoins such as USDC, PYUSD, USDG, and SoFiUSD. This move reflects growing demand for blockchain-based settlement infrastructure that can operate around the clock.