TLDR
- Stripe, Visa, and Mastercard are reportedly on the verge of launching a stablecoin platform.
- Mastercard plans to support settlement of USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD.
- Ripple’s RLUSD and XRPL are included in Mastercard’s on-chain settlement offering.
- Supported networks include Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL.
- Coinbase is evaluating participation as renewal of USDC revenue deal with Circle approaches.
Stripe, Visa and Mastercard are close to launching a common stablecoin platform, as the big payment companies delve into the regulated infrastructure of the digital dollar. Coinbase is also evaluating whether to join the initiative, with its existing relationship with Circle remaining a key factor in any decision.
The planned platform comes after two years of activity by major payment companies in the stablecoin infrastructure. Stripe acquired stablecoin infrastructure provider Bridge in a $1.1 billion deal, while Visa expanded support for stablecoin settlement across multiple blockchains. Mastercard has also expanded its digital asset settlement strategy, adding more stablecoins, blockchain networks and payment partners to its global infrastructure.
Mastercard plans to expand its integration with XRP Ledger to support perpetual settlements and time-sensitive intraday payment flows.
The move will leverage the XRP Ledger’s near-instant finality, expected low fees, and 14-year track record. pic.twitter.com/loicc4fJpt
– XRP Ledger Foundation (@XRPLF) June 3, 2026
This boost reflects the growing demand for settlement systems that operate outside traditional banking hours. Payment companies, banks and fintech companies are looking for intraday, weekend and holiday settlement options, especially for cross-border payments, treasury movement and merchant payments.
Mastercard adds regulated stablecoins to its settlement network
Mastercard announced plans to expand its settlement capabilities to include fiat currencies, regulated stablecoins, intraday settlement, weekend settlement, and holiday settlement. The added options will give issuers and acquirers more flexibility in how they manage liquidity and settle card-based transactions, the company said.
The network will support multiple regulated digital dollars, including Circle’s USDC, PayPal’s PYUSD, Paxos’ USDG, and USDP. Ripple RLUSDAnd SoFi’s SoFiUSD. These assets will be used as settlement options alongside existing paper processes.
Mastercard said the stablecoin settlement model will run across supported blockchain networks, including Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRP Ledger. The company said the approach is designed to work within its existing global payments network while maintaining fraud safeguards, security standards and dispute processes.
ARQ, formerly known as DolarApp, CBW Bank, Cross River, Lead Bank, and Nuvei are expected to be among the first partners to support the stablecoin settlement option in the US and Latin America. Mastercard said more regulated regions, partners and stablecoins are expected to be added through 2026, according to regulation.
Stripe, Visa, and Coinbase are building stablecoin infrastructure
Stripe’s acquisition of Bridge positions the company more directly into stablecoin payments and business infrastructure. Bridge provides tools that allow businesses to transfer, hold, and settle value using stablecoins, giving Stripe a foundation for broader digital dollar services.
Visa has also expanded support for stablecoin settlement across multiple blockchain networks. Its work has focused on using blockchain-based dollars to improve payment settlement and reduce delays in cross-border financial flows.
Coinbase is considering whether to participate in the broader stablecoin platform. One key issue is its partnership with Circle, the USDC issuer. Since 2023, Coinbase and Circle have shared revenues tied to USDC. Coinbase keeps the interest earned from USDC on its platform and shares the ecosystem revenue with Circle.
This agreement is scheduled to be renewed in August, making the timing appropriate as Coinbase evaluates its role in the new stablecoin payment infrastructure. Coinbase has also introduced white-label stablecoin products and payment tools targeting enterprises.
RLUSD, XRPL, and Polygon have joined the stablecoin settlement campaign
Ripple said Mastercard’s support for RLUSD and XRP Ledger It reflects the demand for blockchain-based settlement infrastructure that can operate around the clock. Mastercard plans to expand its integration with XRPL to support perpetual settlement and time-sensitive intraday payment flows, the XRP Ledger Foundation said.
The organization cited XRPL’s near-instant finality, expected low fees and 14-year operating history as reasons to use it in settlement systems. Ripple said the inclusion of RLUSD in the MasterCard network adds another regulated stablecoin option for real-world payments flows.
Polygon also joins the list of supported networks. Mastercard’s listing of Polygon allows card issuers and acquirers to use stablecoin settlement after standard banking hours through the blockchain network already used for payments. Coding and enterprise applications.
Mastercard’s Raj Damodharan said the next phase of stablecoin adoption is tied to real-world use, especially in settlement where timing and liquidity are important. The company said the expanded capabilities are intended to give partners more options in how they move funds while keeping regulated digital assets connected to existing payment systems.
