The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMedium•30 June 2026•

1 min read

Stripe, Visa, BlackRock lead 140+ firms in launching stablecoin to rival Tether and Circle

Key Facts

1Stripe, Visa and over 140 other businesses announced the launch of a stablecoin to rival Tether and Circle.

2Notable names in the consortium include BlackRock, American Express, and Google.

In a move that could reshape the stablecoin market, Stripe, Visa, and over 140 other firms have announced the launch of a new stablecoin to compete with Tether (USDT) and Circle's USDC, according to reports. Notable members include BlackRock, American Express, and Google, signaling unprecedented institutional support for a digital currency project.

Tether and Circle currently dominate the rapidly growing stablecoin market amid rising demand for fiat-backed digital payment instruments. The announcement comes as stablecoins face increased regulatory scrutiny in the U.S. and EU, potentially giving the new entrant a compliance advantage if it launches with full regulatory alignment.

In market trading, Visa (V) closed at $341.94 (June 30, 2026), BlackRock (BLK) at $950.17 (June 29), American Express (AXP) at $340.88 (June 29), and Google (GOOGL) at $354.27 (June 30). Investors await further details on the stablecoin's launch, regulatory structure, and technical design, which could serve as key catalysts for these stocks.