# Circle Internet stock falls on new stablecoin venture report

> **Open Intelligence Dossier** · First detected: 2026-06-30 16:07 UTC · Category: Business

## Executive Summary
Circle Internet stock declines as major industry players including BlackRock, Google, and Stripe align behind a new competing stablecoin network.

## Intelligence Brief
Circle Internet stock has fallen following reports that a consortium of companies is launching a rival stablecoin project. The new venture includes support from BlackRock, Google, Stripe, Coinbase, and Visa.


Coverage from the Wall Street Journal, Bloomberg, and CoinDesk highlights the broad industry backing for this new network. Forbes reports on the potential for an open standard to influence competition within the stablecoin market.


Observers are looking to see how the new stablecoin network impacts the current market share of existing stablecoins. Information regarding the operational timeline or specific technical features of the new venture has not been specified.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| The Block | Visa, Stripe, Coinbase and more join Open USD stablecoin that shares reserve revenue | [Source Link](https://news.google.com/rss/articles/CBMipwFBVV95cUxNaENFeUt0YXN6b20yNjFNWUJMUEptUGt3UTd6M1Y5Y1hpMzBDTWZFeHV3bjlvaXVCRG9FMGRHVmtOcE1KOUxMdGgxSVR1cW9ndF9VY2djZEdYdFNRS3Y3UlhkSmpPQ0ZVYkpUSEc1RS13Mmh1Y0s3SzZsTWRFS25wSUMtamZ0WW5rQlJ5VUtqa1VzdGlYRFlaUURwa3lacmZjWlFWZUdpYw?oc=5) |
| Reuters | Consortium including Visa, Mastercard jointly launch new global stablecoin | [Source Link](https://news.google.com/rss/articles/CBMiugFBVV95cUxOeE1TQkF5Y0FOQmtLSEFEZnF5Tk4xZEZIS00xVTNDTXdKQjNhakF2WThBVzZUTmxuRkNZMlk3bjBXdk1nTE1OZ0F1S1V3Z2ZKdXlqTzNXT0k5MndHVlZfX2x5TWNCbkltVjd3NUN1eVNBWmptZElmb2czN2pNQTNxckdGMEZNNVNmRG1kMGJzSFZSV3JHZGhhS3hCWGxNX2oyWk85WXFHaElVdmdGRzZVN0NQemtBUEU5cnc?oc=5) |
| Yahoo Finance | Circle Stock Falls 15% as New Rival Stablecoin Targets USDC’s Enterprise Users | [Source Link](https://news.google.com/rss/articles/CBMilwFBVV95cUxQRWJQWURzYlpTRF9tR1VrM3RCSXJabS1sanVPNXFYZDRocXgweVdpSjVrRVkzZXpCXzd0QUo1X3pWMk5Rcmk2NzZ0V1lPckhSTzFCNmttVEJkTS1pZVpORjAyMGJTLWtja3Q3a3dFRndyZks4VHBnbm9XYXk1WERVd3E4WWVwaUY3MVlka0N0cXVIZlRzUHZJ?oc=5) |
| Forbes | Why An Open Standard Will Win The Stablecoin Race | [Source Link](https://news.google.com/rss/articles/CBMirAFBVV95cUxQbndhOGpBZHlQNTJCX3RuT3hRLTNtclZoaEpjdjh3OUVVZlRLVWRVS0FrdzVKRUhRXzJzRDZ2WUZZSDVsdjZzZVdzcUJRYnlDSzdhYWpoQ2E3WW9RQWM0akMzUlFZaGFJWW9SOWNocHdnQ3JxN2dtWERncVIzM0gtSGJuSThEaDA3R1JRZUxRZ1NpMW1OUVJGaklmSVRXclQxV1VLLU4wQzRTRDFz?oc=5) |
| WSJ | BlackRock, Google Join Banks and Crypto Firms in Backing New Stablecoin | [Source Link](https://news.google.com/rss/articles/CBMiiAJBVV95cUxQNzNqOHRadkRxbU5KdWVfUHdCclJ1V2lRT1dlZDFiUV95U20yRjNGM19wcTFOREs5aGM2YTJkOXp4OUJURUg1V2VDRkhYcTRuN3ZWUmM0QS1lTUduMjJuYjgxdGxWbWJfYlB0UjRWZGVydGJmeGx0Nk5janBJUlVGWm5iamw0bnpubDBONmMyMGtCMVJCUGtWZGZ2UHp6WGs5bExHWmoySFAyNkVXR3RGRDJ2WW5hMUZheHR0V0RsSGdCVFNya1pfY3gxU3JXY1ZXOXdMbF9OMWpodXNPOVdrV2FWYzU2cW5YZk8xRDU0SGJRU01PMHVoaDNOTEFwcEJ2WDI2bHlvYXA?oc=5) |
| CoinDesk | Circle slides 8% as Stripe, Coinbase and BlackRock back rival stablecoin network | [Source Link](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOY2k5a3hPYk1JVlRZWG5odjhsWU4yMkdNLUMxZl9ydk9ySGk2ejc1dWpkMGUxcXpFd3dJdHFOVWhZZjdMOVVKWFh6OWplcmFCMXRrRHR0VTdKbW9fZ2R1ZWlQT2hvbExpb2xUVFloaW5XWTFHdEVOVFdoRnJjdkIxSy1wUjJzalAzVExLRjBYbUIyUzBuN3JSRUJWeUdyc1VlS05rTnUzTU9kMnN5OV9EUFhGYTJMamJER2Z3OW51UzI?oc=5) |
| Bloomberg.com | Visa, Stripe Among Firms Joining Forces on Mainstream Stablecoin | [Source Link](https://news.google.com/rss/articles/CBMitAFBVV95cUxPR01lN1dxNFNrYjNhSEdYdmNubDdHUFJuZmptUHV0ZmxzV1J4c0NwNGU4MFZRMDAtWGNTaHN2VXJEck12dnd5VjdxVmJFWGFkZ3lRYWM1RzJ4Wmp4UERoNkktWUtSbkNPZjhHdDd6N3hodlFuanhwRW02T0M2YV9NNlQzcnJXNDdrekQ5QkJ1T2xNVUxGVmRRRkhTa25jLWFzTkRveEJhTld6QmppVEVOSFVMWl8?oc=5) |
| Yahoo Finance | Circle Internet stock falls on new stablecoin venture report | [Source Link](https://news.google.com/rss/articles/CBMipgFBVV95cUxOTzRRVmxPQU9TOEQtLTRPeTdORC15WTI2Ykhkc0JTcmg5S3pzaU04SHQ1eTRpWXJYQUNWZEdnRGJ1X0ZDdFRZeDBSSlhhdDZiWXpEajdNdnBNaV8xMkk3ZEVWd2tqSFZYZVROQTFXSk5GclpOcjhrUzE0M2tlZVRtQ2hhN2t0NzVvUUNlUzViT2haempQOTN3QlZsMkM5dnBrblBhak1B?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-06-30/circle-internet-stock-falls-on-new-stablecoin-venture-report*