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957 Stripe, Visa, Mastercard Join Consortium Launching New Stablecoin

The Information
Yueqi Yang @ The Information · 06/30/2026 12:16 EDT

Stripe, Visa, Mastercard Join Consortium Launching New Stablecoin

Stripe, Visa, Mastercard, Coinbase and BlackRock are joining a partnership with over 140 firms to launch a new stablecoin, called Open USD, which will aim to challenge the dominance of Circle and Tether. Circle’s stock fell 14% on Tuesday after the announcement, which confirms an earlier report ...

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