The text says the foundation is the apostles and prophets, Jesus Christ himself bring the chief cornerstone. Jesus said to Peter 18 And I say also unto thee, That thou art Peter, and upon this rock I will build my church; and the gates of hell shall not prevail against it. 19 And I will give unto thee the keys of the kingdom of heaven: and whatsoever thou shalt bind on earth shall be bound in heaven: and whatsoever thou shalt loose on earth shall be loosed in heaven. Jesus chose Peter as both foundation and steward with an awesome power and responsibility. I think it is an anti-catholic bias stemming from a rebellion about 500 years ago that prevents people from obeying the clear text of Scripture. They have re-formed the faith once delivered to the saints into something new and different than the text; and they always seem to blame Catholics for the rebellions and divergence, oblivious to the discontinuity that makes some of their doctrines inherently illegitimate.
The text says the foundation is the apostles and prophets, Jesus Christ himself bring the chief cornerstone. Jesus said to Peter 18 And I say also unto thee, That thou art Peter, and upon this rock I will build my church; and the gates of hell shall not prevail against it. 19 And I will give unto thee the keys of the kingdom of heaven: and whatsoever thou shalt bind on earth shall be bound in heaven: and whatsoever thou shalt loose on earth shall be loosed in heaven. Jesus chose Peter as both foundation and steward with an awesome power and responsibility. I'm not sure how you get from "the apostles and prophets" to then "built on Peter alone". I'm not sure how you get from all of the apostles given the power to bind and loose to the "Peter alone can bind and loose". Jesus said he would give the keys to Peter, but he did not say Peter alone. If the power of the keys is to bind and loose, and all of the apostles have that power, what does that imply?
in I Corinthians 3, Paul is very clear. "I laid a foundation, and someone else is building upon it. Let each one take care how he builds upon it. For no one can lay a foundation other than that which is laid, which is Jesus Christ."
Peter is foundation. Paul is foundation. The foundation is laid and others are building upon it. The Roman Catholic Church is not foundation. The popes are not foundation. The foundation has been laid and others are building on it.
In Romans 15, Paul writes "and thus I make it my ambition to preach the gospel, not where Christ has already been named, lest I build on someone else's foundation,". Paul laid a foundation where none existed before. He didn't build on Peter. The churches he founded built upon the foundation Paul laid, which is Christ Jesus. Those churches did not build on Peter.
Again, the foundation is not Peter alone. The power to bind and loose was not given to Peter alone.