The OUSD consortium, featuring BlackRock, Mastercard, and Visa, is challenging USDC market share, while Coinbase earns reserve income from USDC.

1 report, 1 independent Updated Jul 1

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Coinbase Circle BlackRock

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Part of

Ripple, Circle, Coinbase, and Visa Inc. are involved in the broader stablecoin ecosystem, facing competitive pressure from consortium initiatives.

Also in this story

Ripple invested to add identity checks and transaction authorization as it operates its stablecoin business through SBI Group.Jul 25

All 3 developments

The entities involved

Coinbase
American company that operates a cryptocurrency exchange platform
- New Jersey dropped a staking order involving Coinbase on November 2, 2026.03:21
- Anthropic plans to list on Nasdaq, while market analysis suggests AI IPOs could redirect capital toward crypto assets like Bitcoin.Mon 23:25
Circle
peer-to-peer payments technology company
- Binance suffered a security incident leading to outflows of Ethereum and Bitcoin, prompting Circle to block funds.02:23
- Trump made transactions with the UAE, while Circle faced market competition and a shareholder was identified.Mon 17:59
BlackRock
American multinational investment management corporation
- BlackRock analyzes market trends while Nasdaq's poor performance draws investor scrutiny.07:12
- Mark Zuckerberg is reportedly taking competitive actions against OpenAI and Anthropic, while Meta navigates market challenges, including being tracked on Nasdaq and forming a partnership with BlackRock.Mon 20:46

Related events

Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.Sep 20

Coverage

Newest first; wire copies grouped

Jul 1yahoo.com