Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle

Stripe, Visa, and Mastercard, alongside more than 140 other businesses, are launching a new stablecoin. This strategic move aims to create a direct rival to existing market leaders Tether and Circle. By collaborating with a vast network of corporate partners, these payment giants are integrating stablecoin technology to challenge the current digital asset landscape. The initiative marks a significant shift in the industry as major financial institutions seek to establish their own stablecoin alternatives.