Stripe, Visa, Mastercard, & Coinbase could launch a stablecoin that strands Circle’s USDC 😳🪙; Ramp just gave accountants Free AI to get at their clients 🤖📊

FinTech is Eating the World, 4 June

Hey Everyone,

Good morning & happy Thursday! Today’s issue is incredibly interesting as we’re diving deep into Stripe, Visa, Mastercard, and Coinbase, which are launching a stablecoin that could dethrone Circle’s USDC (what it’s all about, why it could be huge, why the timing is brutal for Circle & why Coinbase can afford this gamble + bonus deep dives into the latest financials of Circle & Coinbase, and the ultimate list of resources on stables inside), and fintech giant Ramp that just gave accountants Free AI to get at their clients (what Ramp Stack is all about & why it’s a brilliant play + bonus playbook on how Ramp is building AI-powered engineering teams and products & The Claude Finance Playbook inside). So let’s jump straight into the paradigm-defining stuff 🌶️

Stripe, Visa, Mastercard, & Coinbase could launch a stablecoin that strands Circle’s USDC 😳🪙

The BIG News 🔥 Nearly a quarter of Coinbase’s COIN 0.00%↑ revenue flows from a single relationship: the USDC deal it struck with Circle CRCL 0.00%↑. Which is why this week's leak cuts so deep. Coinbase may now reportedly be helping Stripe, Visa, and Mastercard to build the stablecoin meant to replace USDC.

Circle’s recently released Q1 earnings show why the timing is brutal for Circle, we now know why Coinbase can afford the gamble, and why a token nobody has confirmed is already the most valuable threat in payments.

Let’s dive deeper into this, understand why it matters, and see what to expect next.