Who are the partners in the new network?

The consortium includes Visa, Mastercard, IBM, and other payments and technology companies.

USDC is a US-based stablecoin co-founded by Circle and Coinbase, and is the largest stablecoin in the United States.

Has the new network's name been announced?

The official name and launch date of the network have not yet been disclosed.

Circle Stock Falls as Visa, Others Announce Rival Stablecoin Network

Circle's stock fell after Visa, Mastercard, and IBM announced a new stablecoin network to rival USDC, the largest US-based stablecoin co-founded by Circle and Coinbase. The alliance includes major payments and tech firms.

June 30, 2026

2 min read

Source: Barrons.com

Circle (ticker: CRCL) stock declined following the announcement of a rival stablecoin network by a consortium including Visa (V), Mastercard (MA), and IBM (IBM). The new network aims to compete with USDC, the largest US-based stablecoin co-founded by Circle and Coinbase.

Details of the New Alliance

The consortium, which includes payments giants Visa and Mastercard along with tech leader IBM, plans to launch a stablecoin network to challenge USDC. Specific details such as the network's name and launch date have not yet been disclosed.

Context

USDC, co-founded by Circle and Coinbase, has been the dominant US-based stablecoin by market capitalization. This announcement comes amid intensifying competition in the stablecoin market, with new entrants seeking to capture market share.

What This Means for Investors

The new alliance poses a direct competitive threat to Circle, backed by global payments and technology companies. This could pressure USDC's market share and impact Circle's valuation. However, USDC still benefits from a large user base and established partnerships.

Frequently Asked Questions

Circle's stock fell after a consortium including Visa, Mastercard, and IBM announced a rival stablecoin network to compete with USDC.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.