Stripe, Visa, Mastercard Join Consortium Launching New Stablecoin

2026-06-30 · Source: The Information · Field: Finance & Economics — FinTech & Digital Financial Services, Capital Markets & Investment Management · Depth: Fundamental Awareness, quick

Summary

Stripe, Visa, Mastercard, Coinbase, and BlackRock are partnering with over 140 firms to launch a new stablecoin named Open USD. This initiative aims to compete with established stablecoins like those from Circle and Tether. Following this announcement, Circle's stock experienced a 14% decline on Tuesday, confirming previous reports about the consortium's formation. The consortium's broad participation from major financial and tech companies signals a significant new entrant in the stablecoin market, potentially reshaping the competitive landscape and offering an alternative to existing dominant players.

Key takeaway

For investors tracking digital asset markets, the launch of Open USD by a consortium including Stripe, Visa, and BlackRock signals increased competition. This development could impact the market share and valuation of incumbent stablecoin issuers like Circle. You should monitor Open USD's adoption and its effect on existing stablecoin valuations, especially given Circle's immediate 14% stock drop.

Key insights

A consortium of major financial and tech firms is launching Open USD to challenge existing stablecoin dominance.

Topics

• Stablecoin
• Open USD
• Digital Assets
• Market Competition
• Stripe
• Visa

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Editorial summary, takeaway, and curation by AIssential. Original article published by The Information.