The stablecoin market, which has been dominated for a decade by Tether and Circle, could look very different in a year. The leading legacy players in payments, Visa and Mastercard, have been circling the sector for some time and are reportedly cooking up a plan with other big players to put their own spin on stablecoins.
According to a CoinDesk report, the credit card giants are in talks with Stripe and Coinbase to launch a stablecoin platform. The report, based on anonymous sources, offered little in the way of timeline or details. I looked into this and learned there is indeed talk of a new consortium, and that additional companies may be involved in the talks.
