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Stripe, Visa, Mastercard Reportedly Building Joint Stablecoin Platform: The Payment Rails You Use Every Day May Be Quietly Changing

Stripe spent $1.1B on Bridge, Visa's stablecoin settlements are running at $7B annually, Mastercard launched always-on settlement — the rumor of these three joining forces didn't come out of nowhere. It's been building, step by step.

Derek Tan · June 09, 2026

According to three people familiar with the matter, global payment infrastructure giants Stripe, Visa, and Mastercard are reportedly developing a joint stablecoin platform, with US crypto exchange Coinbase also said to be considering participation. As of publication, Coinbase, Stripe, and Visa declined to comment, while Mastercard had not responded. The platform's official name, launch timeline, and supported blockchain networks have not been publicly disclosed by any party. The news remains...

Reserve Ratio

Reserve ratio is the proportion of actual reserve assets held by a stablecoin issuer relative to the total supply of stablecoins in circulation. A ratio of 100% means every circulating stablecoin is backed by equivalent real assets; below 100% indicates an over-issuance risk — if all holders redeem simultaneously, the issuer may be unable to pay in full. Reserve ratio is one of the most direct indicators for assessing the health of a fiat-backed stablecoin, but the ratio alone is just the starting point: the quality and liquidity of reserve assets matter equally.

Does a 100% reserve ratio mean a stablecoin is absolutely safe? No. A 100% reserve ratio is a necessary but not sufficient condition for safety....

Intermediate