Who are the participants in the initiative?

Over 140 companies are participating, including Visa, BlackRock, Stripe, American Express, and Google.

When will the new stablecoin be launched?

The launch date has not been announced yet.

How is this stablecoin different from Tether and Circle?

The new stablecoin aims to be more regulated and transparent, but details have not been disclosed.

Visa, BlackRock, Stripe Among 140+ Firms to Launch Stablecoin

More than 140 major companies, including Visa, BlackRock, Stripe, American Express, and Google, have announced plans to launch a new stablecoin to rival Tether (USDT) and Circle (USDC). The name and launch date have not been disclosed.

June 30, 2026

2 min read

Source: Fortune

Key Numbers

participants

140+

A consortium of over 140 companies, including Visa (V), BlackRock (BLK), and Stripe, has announced plans to launch a new stablecoin aimed at competing with Tether (USDT) and Circle (USDC).

Participants

Other notable participants include American Express and Google, reflecting broad interest from financial and tech firms in stablecoins. The full list of participants and their roles have not been disclosed.

Objective

The initiative aims to provide a regulated and trustworthy alternative to existing stablecoins, with a focus on regulatory compliance and transparency. The stablecoin is expected to be fully backed by cash and liquid assets.

Competitive Landscape

Tether and Circle currently dominate the stablecoin market, with a combined market cap exceeding $150 billion. However, regulatory concerns over transparency and reserves have prompted major firms to seek safer alternatives.

What This Means for Investors

The entry of firms like Visa and BlackRock could reshape the stablecoin market, but success depends on regulation and institutional adoption. No timeline for launch has been announced.

Frequently Asked Questions

The name of the new stablecoin has not been disclosed yet. It is being launched by over 140 companies led by Visa and BlackRock.

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