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Barchart
Barchart
Wajeeh Khan

UNBELIEVABLE: Circle stock slips as stripe visa mastercard explore stablecoin platform | History Defined

Circle Internet Group (CRCL) is sliding on Wednesday following a bombshell CoinDesk report that Stripe, Visa (V), and Mastercard (MA) are nearing the launch of a joint stablecoin platform.

Additionally, Coinbase (COIN) is evaluating participation in the new initiative as well. Investors are bailing on CRCL mostly because this could prove a direct threat to its core business — USDC.

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