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Payment giants Stripe, Visa, Mastercard said to be among backers of soon-to-debut stablecoin platform
Key takeaways
- U.S.-listed cryptocurrency exchange Coinbase (COIN) is also looking into the possibility of participating in the stablecoin platform, one of the people said.
- Mastercard had not responded to requests for comment by publication time.
- Stablecoins, one of the busiest areas of crypto, have become a focal point for the large card networks and payments players.
U.S.-listed cryptocurrency exchange Coinbase (COIN) is also looking into the possibility of participating in the stablecoin platform, one of the people said.
Coinbase, Stripe and Visa declined to comment. Mastercard had not responded to requests for comment by publication time.
Stablecoins, one of the busiest areas of crypto, have become a focal point for the large card networks and payments players. The total stablecoin market cap is about $325 billion, according to CoinGecko data. The market is dominated by Tether's USDT, at $115 billion.
Article preview — originally published by CoinDesk. Full story at the source.
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