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Stripe, Visa, and Mastercard launch stablecoin platform, shaking up $319B market and hitting Circle's stock hard.

Market News
05 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

Stripe, Visa, and Mastercard have joined forces to create a new stablecoin platform aimed at competing with market leaders Circle (USDC) and Tether (USDT), who currently control 80% of the $319 billion stablecoin market. This move integrates stablecoins more deeply into traditional payment systems, threatening Circle's business model and causing its stock to drop 11%. Circle's key partnership with Coinbase is also at risk, which could further impact its revenue. The stablecoin landscape is shifting dramatically as these payment giants challenge the established players, potentially redefining the future of digital payments.

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