USD Coin vs Circle Internet Group: why the prices moved differently

• ▲

  Citi and Coinbase bring USDC to bank payments Citi and Coinbase expanded their partnership so businesses can accept stablecoin payments, with incoming money automatically converted into USDC. Citi handles the regulated banking side, Coinbase handles the blockchain. This gives USDC a mainstream corporate payment use, supporting demand and price.

  A major bank integrating USDC into payment processing is a big new source of real demand.

• ▲

  Coinbase clearinghouse uses USDC as collateral Coinbase won CFTC approval to run its own derivatives clearinghouse, which will use USDC as collateral for fully backed derivatives. This creates a new, regulated need to hold USDC, adding demand and making USDC more useful beyond payments.

  Regulatory approval for USDC-collateralized clearing is a new structural demand driver.

• ▲

  SAP and Samsung embed USDC in daily business and phones SAP added stablecoin settlement to its business software, with Circle's USDC as the preferred network. Samsung will let 82 million US Galaxy phones send USDC fee-free. Both put USDC into everyday business and consumer flows, supporting demand.

  Two huge platforms making USDC a native payment option is a major new adoption step.

• ▲

  LG CNS and San Francisco Fed add institutional backing LG CNS launched a blockchain platform for Korean financial institutions with Circle as a partner, expanding USDC in Asia. The San Francisco Fed projected stablecoin Treasury demand could reach $400 billion by 2030, with USDC among dominant players. Both support long-term demand.

  New institutional partnerships and official growth projections reinforce USDC's expansion outlook.

Based on 7 stories →

• ▲

  Binance $100M deal aims to fivefold USDC Circle and Binance signed a five-year deal; Binance invested $100 million in Circle shares and will push USDC, especially in emerging markets. Binance customer USDC balances already jumped 376% to about $7.1 billion. More places to use and hold USDC supports its price.

  This is the largest new demand driver this period, directly expanding USDC usage and distribution.

• ▲

  Circle buys Tazapay, launches Arc and USDC lending Circle agreed to buy Singapore's Tazapay for about $400 million to grow USDC cross-border payments, launched the Arc blockchain with USDC built in, and opened institutional borrowing of USDC against Bitcoin. Each adds real uses, supporting demand and price.

  These are new Circle initiatives that deepen USDC's role in payments and lending, key to its long-term demand.

• ▲

  New USDC payment and card uses go live MoneyGram launched a USDC-backed Visa card in Colombia, Deutsche Bank will custody USDC for institutions, and Roundtable now settles media payments in USDC. Visa found 56% of Americans would use stablecoins with bank protections. More everyday uses support demand.

  These are fresh real-world adoption points that increase the number of people and businesses needing USDC.

• ▼

  Regulatory setbacks: EU yield ban, US Clarity Act fails The US Senate rejected the Clarity Act, leaving stablecoin rules unsettled. EU central banks want to ban stablecoin yield, which would remove returns on USDC holdings. Russia warned frozen USDC won't be compensated. These reduce USDC's appeal and add uncertainty.

  These are the main new counterweights, potentially limiting USDC demand and adoption.

Based on 15 stories →

• ▲

  Stablecoin card spending triples to $1B, USDC leads Crypto card spending topped $1 billion, more than tripling in a year, with USDC used in 50.8% of transactions. More everyday purchases mean more people and businesses need to hold USDC, which supports its price.

  Shows growing real-world demand for USDC as a payment method.

• ▲

  Coinbase and Better launch crypto-backed mortgages using USDC Coinbase and Better Mortgage now let borrowers pledge bitcoin or USDC as collateral for a down payment without selling. This gives USDC a new high-value use in home loans, increasing its demand and supporting its price.

  New use case expands USDC's utility beyond payments into major financial transactions.

• ▲

  Coincheck registers in Japan to handle USDC Coincheck became Japan's second registered electronic payment instruments business and plans to handle USDC. This opens a new regulated market for USDC in Japan, adding to demand and supporting its price.

  Expands USDC's regulated access in a major market, boosting adoption.

• ▲

  Chelsea FC puts USDC logo on jerseys Chelsea FC made Circle its main sponsor, putting the USDC logo on jerseys for men's, women's, and academy teams. This raises USDC's visibility with millions of fans worldwide, which can lead to more adoption and demand, supporting its price.

  Major brand partnership increases mainstream awareness and potential user base.

Based on 6 stories →

• ▲

  USDC dominates crypto card spending A new report shows USDC now handles about 58% of crypto payment card volume, up from 48% a year ago, as total card spending jumped 2.5 times. More everyday spending through USDC means more people and businesses need to hold it, which supports its price.

  Shows USDC winning real payment volume, a core demand driver.

• ▲

  Visa deepens USDC settlement Visa is expanding stablecoin settlement with Lightspark and Zerohash, letting USDC move through its network and be converted to local currency at the point of sale. This ties USDC into mainstream card payments, increasing its usefulness and demand, which supports its price.

  A major payment network embedding USDC adds durable demand.

• ▲

  Japan tests USDC at Lawson stores JCB will pilot USDC payments at a Lawson store in Tokyo, using existing registers and Digital Garage's new platform. If it works, USDC could become a standard way for foreign visitors to pay in Japan, adding real-world demand that supports its price.

  A concrete new retail use case that could scale USDC adoption.

• ▲

  X and Circle eye creator payouts X is reportedly in talks with Circle to pay creators and influencers in USDC, while Circle says its long-term opportunity runs into trillions and its Arc network launches in September. Big new payout channels and infrastructure plans point to more USDC use, supporting its price.

  Potential large-scale payout adoption plus Circle's growth roadmap.

Based on 6 stories →

• ▲

  Samsung to distribute USDC on 800M Galaxy devices Analysts say Samsung is set to become a major stablecoin distributor after enabling access on over 800 million Galaxy phones. Users could transact directly with USDC via Samsung Wallet, greatly expanding real-world use and demand, which supports USDC's price.

  This is a new, large-scale distribution channel that directly increases USDC demand.

• ▲

  Coinbase uses USDC as settlement for UK stock trading Coinbase launched 24/5 US stock trading for UK users, using USDC as the main funding and settlement rail for nearly 4,000 US equities. This gives USDC a new, high-volume use case in traditional finance, boosting its utility and demand, which supports its price.

  This is a new, concrete integration that increases USDC's utility and demand.

• ▲

  Circle secures New York trust charter for USDC Circle obtained a limited-purpose trust charter from the New York Department of Financial Services, adding to its OCC approval. This puts USDC under stricter state oversight, boosting trust and making it more attractive to institutions, which supports demand and its price.

  This is a new regulatory milestone that enhances USDC's credibility and institutional appeal.

• ▼

  USDC circulation falls from peak amid competition Circle's Q2 results showed USDC circulation at $73.3 billion, up 19% year-over-year but down from a peak near $80 billion earlier this year due to growing competition. Shrinking supply can weigh on USDC's price, though the year-over-year growth and new payment networks provide some offset.

  This is a new data point showing a recent decline in USDC supply, a direct negative for its price.

Based on 9 stories →

• ▲

  Payment giants adopt stablecoins as infrastructure Visa, Mastercard, Stripe and PayPal are building stablecoin payment and remittance services, with Visa using USDC. This makes USDC more useful in everyday business payments, lifting demand and supporting its price.

  Shows major new real-world demand for USDC from global payment networks.

• ▲

  USDC added to Japanese merchant payment service Netstars launched Stablecoin Pay in Japan, letting about 700,000 merchants accept USDC alongside other stablecoins. More places to spend USDC increases its usefulness and demand, which supports its price.

  New merchant acceptance expands USDC's real-world use and demand.

• ▲

  Coinbase enables AI agent payments in USDC Coinbase Business now lets companies receive USDC payments from AI agents using the x402 protocol. This creates a new source of demand for USDC and increases its utility, supporting its price.

  New technology use case that could drive additional USDC demand.

Based on 6 stories →

• ▲

  Circle wins OCC approval for national trust bank Circle received OCC approval to establish a national trust bank, placing USDC's infrastructure under direct federal oversight. This boosts USDC's credibility and could attract more institutional users, increasing demand and supporting its price.

  This is a new regulatory milestone that directly strengthens USDC's institutional appeal.

• ▲

  USDC leads stablecoin transaction volume with 70% share USDC now handles 70% of adjusted stablecoin transaction volume, overtaking Tether, thanks to regulatory clarity from the GENIUS Act. Higher usage and trust can drive more demand for USDC, pushing its price up.

  This new data point shows USDC's growing dominance in transaction volume, a key demand indicator.

• ▲

  BNY and Circle expand partnership for institutional clients BNY now offers custody, transfer, mint, and burn services for USDC to institutional clients. This makes USDC more useful for big investors, likely increasing demand and supporting its price.

  This new partnership enhances USDC's utility for institutions, a direct demand driver.

• ▼

  Open USD consortium launches rival stablecoin A consortium of over 140 companies, including Coinbase, launched Open USD, a new stablecoin. This adds competition for USDC, potentially diverting demand and weighing on its price, though some analysts see the selloff as overdone.

  This new competitive threat could pressure USDC's market share and price.

Based on 9 stories →

• ▲

  Circle buys Tazapay to grow USDC cross-border payments Circle agreed to buy Singapore's Tazapay for about $400 million in stock. Tazapay moves over $25 billion a year in payments, mostly using stablecoins, and reaches 100+ markets. This expands real USDC use, though paying in shares dilutes current owners.

  A major acquisition that directly expands USDC payment demand and Circle's reach.

• ▼

  Circle's CFO and a co-founder leave on the same day Chief financial officer Jeremy Fox-Geen is stepping down, and co-founder P. Sean Neville resigned from the board. The stock fell about 4%. Leadership changes add uncertainty while Circle is digesting an acquisition and its income depends on interest rates.

  Unexpected senior departures are a real new negative for the company's stability.

• ▼

  New stablecoins from Open USD and AllUnity add competition Open USD launched a fee-free stablecoin backed by Coinbase, Visa, Mastercard, Stripe and Shopify, sharing reserve revenue with partners. Europe's AllUnity launched a regulated dollar coin. Both compete with USDC for users and reserve income.

  New well-funded competitors directly threaten Circle's market share and revenue model.

• ▲

  Circle ties USDC into SAP business payments and Korean finance Circle partnered with SAP-backed Tereina to put USDC and EURC into SAP's business payment system, and with LG CNS on a Korean platform for banks. These push USDC into everyday corporate and institutional payments, supporting long-term demand.

  New distribution deals broaden real-world USDC use beyond crypto users.

Based on 24 stories →

• ▲

  Binance buys $100M stake and signs five-year USDC distribution deal Binance bought $100 million of Circle stock at a 5% discount and signed a five-year deal to promote USDC on its platform, with Circle paying Binance a monthly fee based on USDC held in Binance wallets. This expands USDC distribution into fast-growing markets and supports demand for Circle's core product.

  This is the period's biggest new positive event, directly expanding USDC distribution and investor confidence.

• ▲

  Visa joins Arc as founding validator as stablecoin settlement hits $20B run rate Visa became a founding validator of Circle's Arc blockchain, moving from routing stablecoin traffic to helping secure the network. Visa's stablecoin settlement volume hit a $20 billion annualized run rate, up 15x year-over-year, showing real payment demand for USDC and Circle's settlement tools.

  It shows a major payments partner deepening its commitment to Circle's infrastructure, a new growth signal.

• ▼

  GENIUS Act bars stablecoin yield payouts, and Circle's FY2025 loss highlights cost pressure The GENIUS Act now bans stablecoin issuers from paying interest to holders, locking in Circle's reserve-income model but removing a competitive tool. Circle's FY2025 results showed a $70 million net loss despite $2.75 billion revenue, as distribution costs hit $1.66 billion, mostly paid to partners like Coinbase and Binance.

  This is a new regulatory and financial disclosure that reveals a structural constraint and cost burden on Circle's business.

Based on 7 stories →

• ▼

  Senate blocks crypto market-structure bill The Senate voted 49-50 against opening debate on the CLARITY Act, leaving stablecoin rules unwritten. Circle fell about 11% because clear rules would have boosted USDC adoption and cut regulatory risk. The bill also would have limited stablecoin rewards, so its failure cuts both ways.

  This is the period's biggest new event and directly explains the sharp drop in CRCL.

• ▲

  Circle launches Arc blockchain with major partners Circle's Arc network went live September 16 with validators including BlackRock, Visa, Mastercard and DTCC. Arc uses USDC for fees and aims to settle payments in under a second. This moves Circle beyond stablecoin issuance into settlement infrastructure, a new growth path that supports the stock.

  Arc's mainnet launch is a major new product milestone that could open new revenue for Circle.

• ▲

  SEC opens narrow path for tokenized stocks The SEC granted temporary relief letting approved venues trade tokenized US stocks with investor protections. Circle gained on the news. More tokenized assets trading on-chain could increase use of USDC and Circle's settlement tools, supporting demand over time.

  This new regulatory step is a positive for Circle's tokenization and USDC strategy.

Based on 6 stories →

• ▲

  Circle's Washington push for stablecoin rules lifts the stock Circle's president told Congress to fully implement the GENIUS Act, the new federal stablecoin framework, and warned the US could lose financial influence otherwise. Clearer rules would help USDC adoption and cut regulatory risk, and the stock jumped 14% on the testimony.

  This is the main new force behind the period's move and explains why CRCL rose despite competition news.

• ▼

  21 big banks team up to launch their own stablecoin Bank of America, Citi, Goldman Sachs, UBS and others are forming a company to issue a dollar stablecoin by early 2027, with a euro coin next. More issuers means more competition for USDC, which can pressure Circle's market share and reserve income.

  This is the biggest new counterweight to Circle's growth story and a real risk to its core business.

• ▲

  Arc mainnet nears with 100+ partners and real payment growth Circle's Arc blockchain launches September 16 with over 100 partners including Visa, and its Payments Network grew from zero to about $23 billion in yearly payment volume with 175 banks. This expands Circle beyond stablecoin issuance, though costs are rising and execution risk remains.

  Arc is a new growth engine that could broaden Circle's revenue mix and support the stock.

• ▲

  Chelsea FC jersey deal puts USDC in front of global fans Circle became Chelsea's main jersey sponsor from the 2026/27 season, putting the USDC logo on men's, women's and academy shirts. This builds brand recognition beyond crypto users and could draw more people to use USDC, supporting demand.

  A new marketing partnership that expands USDC awareness and adoption, a fresh positive for Circle.

Based on 7 stories →

• ▼

  Banks and fintechs move into stablecoins Banks that once fought stablecoins are now considering issuing their own, and Revolut launched a euro coin. More issuers means more competition for USDC, which can pressure Circle's market share and the fees and reserve income it earns. CRCL fell 4% on the bank news.

  This is the period's main new threat to Circle's core business and directly explains selling pressure.

• ▲

  Bernstein backs Circle with $140 target Bernstein reiterated Outperform and a $140 target, about 75% above the price, saying crypto momentum and stablecoin payments adoption will drive growth regardless of whether the Clarity Act passes. A bullish analyst call can pull buyers in and support the shares.

  A fresh, specific analyst endorsement is a new force behind the stock's recent rebound.

• ▲

  Cathie Wood keeps buying and defends Circle ARK's Cathie Wood said Wall Street analysts raised on Visa and Mastercard cannot grasp Circle, and her fund holds about $329 million of CRCL, its biggest crypto bet. A well-known investor publicly buying a beaten-down stock can steady sentiment and draw attention.

  A prominent holder's public defense is new and shapes how investors view the sell-off.

• ▲

  USDC expands in Japan and Treasury demand grows Coincheck registered to trade stablecoins and plans to handle USDC, widening Circle's distribution in Japan. Separately, stablecoin growth under the Genius Act could add demand for short-term Treasury bills, tying Circle's business to government borrowing needs and supporting the long-term case.

  These are new adoption and regulatory-tailwind developments that support USDC demand.

Based on 7 stories →

• ▲

  X may pay creators in USDC X is in talks with Circle to pay influencers and content creators in USDC, which would add a huge new use case and more demand for Circle's stablecoin. More USDC in circulation means more reserve income for Circle, supporting the stock.

  A major new potential distribution channel that directly increases USDC usage and Circle's revenue.

• ▲

  Mastercard and JCB expand USDC payments Mastercard bought stablecoin platform BVNK and launched weekend settlements, while JCB began a USDC payment pilot at Lawson stores in Japan. These real-world payment uses should increase USDC transactions and demand, a positive for Circle's core business.

  Concrete payment integrations that expand USDC's real-world use and demand.

• ▲

  Arc mainnet launch nears with big backers Circle detailed its Arc blockchain, set to launch September 16 with BlackRock, Visa, Mastercard and others as validators. Arc could make Circle an infrastructure provider, not just a stablecoin issuer, opening new revenue and helping counter rivals like Open USD.

  Arc is a major new product that could reshape Circle's business and growth story.

• ▲

  Crypto rally and Clarity Act hopes lift CRCL Bitcoin jumped above $78,000 after Trump urged Congress to pass the Clarity Act and the Treasury said it would double bond buybacks. Circle rose about 16% for the week as clearer rules would likely boost stablecoin adoption and reduce regulatory risk.

  Regulatory clarity and a broad crypto rally are key forces driving CRCL's price this period.

Based on 15 stories →

• ▼

  Morgan Stanley downgrades Circle to Underweight, cuts target 64% Morgan Stanley cut Circle to Underweight and slashed its price target to $38 from $106, the most bearish call on the stock, citing slowing USDC adoption, weaker reserve income and a rich valuation. CRCL fell about 6% on the day. This is a fresh analyst warning that pressures the shares.

  A major new downgrade with a sharply lower target directly weighs on CRCL's price and investor sentiment.

• ▲

  Q2 earnings beat, guidance raised, first federal bank charter Circle reported Q2 EPS of $0.18, beating estimates, though revenue of $701 million missed slightly. It raised full-year other revenue guidance to $310–330 million and lifted margin guidance, and confirmed the first federal bank charter for a stablecoin company. The stock jumped about 9% as investors focused on the growth outlook.

  The earnings report and raised guidance are the period's biggest company-specific catalyst, pushing CRCL higher.

• ▲

  Arc blockchain mainnet set for September 16 with Visa, Mastercard, BlackRock as validators Circle named Visa, Mastercard, BlackRock, DTCC and others as founding validators for its Arc blockchain, launching publicly on September 16. BlackRock plans to deploy its tokenized money fund on Arc. This expands Circle's technology and could drive more USDC usage, supporting the stock.

  The Arc launch is a concrete new product milestone that boosts Circle's long-term growth story and lifted shares.

• ▲

  Visa deploys USDC payouts across 18 billion endpoints Visa integrated stablecoin payouts into its Visa Direct platform, reaching over 18 billion endpoints in 195 countries, primarily using USDC. This real-world use case could increase USDC circulation and demand, a positive for Circle's core business.

  A major payments network adopting USDC at scale is a new demand driver that supports CRCL's price.

Based on 8 stories →

• ▲

  Circle secures New York trust charter Circle won a limited-purpose trust charter from New York's financial regulator, letting it offer custody and asset management under state banking law. This adds another layer of official oversight, making USDC more attractive to big institutions and supporting long-term demand. The stock rose 8.4% on the news.

  This is a major new regulatory approval that directly boosts Circle's credibility and institutional appeal.

• ▲

  Circle buys IBM's blockchain patent portfolio Circle acquired over 1,000 blockchain patents from IBM, becoming the largest U.S. holder. This strengthens its technology moat and could help it build better products, though the financial impact is not immediate. It also signals Circle's ambition to lead in tokenized finance.

  A new strategic acquisition that enhances Circle's technology position and long-term competitive edge.

• ▲

  Coinbase partnership auto-renews on existing terms Coinbase confirmed its partnership with Circle auto-renewed on the same terms, ensuring USDC remains a key stablecoin on its platform. This removes uncertainty about a major distribution channel and supports Circle's revenue stability, even as Coinbase diversifies into other stablecoins.

  This is a new confirmation that a critical partnership continues, reducing a potential overhang on the stock.

Based on 7 stories →

• ▲

  Circle expands global partnerships Circle signed deals with Japan's JCB and South Korea's Kakao to explore stablecoin payments and cross-border transfers. These partnerships could increase USDC usage and demand, supporting Circle's long-term growth and revenue potential.

  New partnerships signal growing adoption and demand for USDC, a key driver of Circle's business.

• ▲

  Clarity Act progress boosts sentiment Treasury Secretary Bessent said the Clarity Act is at the '1-yard line', and crypto stocks surged, with Circle up 7.9%. The bill could provide regulatory clarity and expand stablecoin usage, benefiting Circle's USDC.

  Regulatory clarity is a major catalyst for Circle's stock and business model.

• ▼

  Open USD competition and analyst downgrades Mizuho downgraded Circle to Underperform with a $50 target, citing Open USD's threat to Circle's reserve-income model. JPMorgan also warned of revenue pressure from Hyperliquid's deal, highlighting competitive risks.

  Competitive threats and downgrades directly pressure Circle's stock and future earnings.

• ▼

  Regulatory delays and insider selling US regulators missed the GENIUS Act deadline, leaving stablecoin rules unclear. Also, Circle's president sold over $30 million in stock since IPO, though most were preplanned. These add uncertainty and negative sentiment.

  Regulatory delays and insider selling can undermine investor confidence and weigh on the stock.

Based on 13 stories →

• ▼

  Open USD consortium launches, threatening USDC Over 140 firms including Visa, Mastercard, Stripe, BlackRock and Coinbase launched Open USD, a stablecoin that returns reserve earnings to partners and charges no mint or redeem fees. Circle's USDC faces a rival with a better deal for partners, and CRCL fell about 16%.

  This is the period's dominant new force pushing CRCL down.

• ▼

  Mizuho downgrades Circle, JPMorgan flags USDC threat Mizuho cut Circle to underperform with a $50 target, citing Open USD competition, and JPMorgan warned Hyperliquid's growth threatens USDC economics. Analyst downgrades and rival-technology warnings add selling pressure on top of the consortium news.

  New analyst actions show the competitive threat is being priced into CRCL.

• ▲

  BlackRock to speed up on-chain products, backs Circle BlackRock said it will accelerate putting funds, ETFs and Treasuries on blockchain and manages roughly $60 billion of reserve assets for Circle. More tokenized assets on-chain can lift demand for USDC and Circle's services, a real counterweight to the Open USD threat.

  It is the main new positive force supporting CRCL's long-term demand story.

• ▲

  Cool inflation lifts crypto broadly June CPI fell 0.4% month over month, the biggest drop since 2020, pushing Bitcoin to about $64,900 and Ethereum up 7%. Easier money and a friendlier crypto market help Circle's whole sector, though the Fed chair cautioned inflation is not beaten.

  It explains the supportive macro backdrop for CRCL this period.

Based on 6 stories →

• ▲

  OCC approves Circle National Trust bank Circle won OCC approval to open a national trust bank, putting it under direct federal oversight and enabling regulated crypto custody. This strengthens USDC's infrastructure and credibility, and the stock jumped over 7% on the news.

  This is the biggest new positive event of the period and directly boosts Circle's regulatory standing and growth prospects.

• ▼

  JPMorgan fights to ban stablecoin yields Jamie Dimon and banking groups are lobbying to ban all yield-bearing stablecoins in the CLARITY Act. If passed, Circle would lose most of its revenue from interest on reserves, a serious threat to its core business model.

  This is a new regulatory risk that could directly eliminate Circle's main revenue source, making it a key driver of the stock's outlook.

• ▲

  MiCA deadline boosts EURC activity The EU's MiCA rules forced non-compliant euro stablecoins out, and Circle's EURC hit record on-chain activity. This shows Circle gaining share in a regulated market, supporting its long-term growth story.

  This is a new positive regulatory development that demonstrates Circle's competitive advantage in Europe.

Based on 13 stories →

• ▲

  Fed stablecoin rules widen Circle's moat The Fed proposed bank-style identity checks for stablecoin issuers, making it harder for opaque rival Tether to compete in the US. Circle's regulated, dollar-backed USDC stands to gain market share, and its pending bank charter could support growth. Analysts expect revenue to nearly double by 2028.

  This is a major new regulatory catalyst that directly boosts Circle's competitive position.

• ▼

  Open USD consortium threatens USDC dominance Over 140 firms including Visa, Mastercard, BlackRock, and Coinbase are launching Open USD, a stablecoin with zero-cost minting and redemption. Partners share reserve earnings, shifting yield away from issuers like Circle. CRCL fell 17% on the news as investors fear market-share loss.

  This is the biggest new competitive threat, directly causing a sharp price drop.

• ▲

  DTCC tokenized securities pilot includes Circle DTCC will start a pilot in July with BlackRock, Goldman Sachs, and Circle to bring tokenized US stocks, ETFs, and Treasuries onto blockchain. Circle's involvement could drive demand for USDC and its tokenization services, strengthening its long-term growth story.

  This new partnership signals growing institutional adoption and demand for Circle's services.

• ▼

  Visa and Mastercard explore joint stablecoin platform Visa, Mastercard, and Stripe are reportedly in talks to launch a joint stablecoin platform, potentially competing directly with USDC. With their massive payment networks, they could capture significant market share, adding to competitive pressures on Circle.

  This new competitive development adds to the negative sentiment around Circle's market position.

Based on 6 stories →