Story perspectives

Stripe, Visa, Mastercard Launch Stablecoin Platform, Circle Shares Plunge

6/4/2026

Summary

Story summary

Stripe, Visa and Mastercard announced a joint stablecoin platform to rival USDC and USDT.
Circle’s stock fell nearly 11% in one session after the announcement.
Coinbase is evaluating joining the platform before its August 2026 renewal of a deal with Circle that lets it keep all USDC interest income.
Stripe’s $1.1 billion Bridge purchase and Visa’s $7 billion settlement volume show growth as the stablecoin market is $319 billion, led by USDC and USDT.

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Story summary

Stripe, Visa and Mastercard announced a joint stablecoin platform to rival USDC and USDT.
Circle’s stock fell nearly 11% in one session after the announcement.
Coinbase is evaluating joining the platform before its August 2026 renewal of a deal with Circle that lets it keep all USDC interest income.
Stripe’s $1.1 billion Bridge purchase and Visa’s $7 billion settlement volume show growth as the stablecoin market is $319 billion, led by USDC and USDT.