ME News reports that on June 5 (UTC+8), according to comprehensive disclosures from BBX Crypto-related Stock Information, yesterday's announcement of Visa and Mastercard partnering with a stablecoin platform is the most direct signal of traditional payment giants shifting from "compliant access to crypto" to "proactively competing for stablecoin market share."
Key Updates Quick Recap
Visa, Inc. (NYSE: V) / Mastercard Incorporated (NYSE: MA) — According to an exclusive report by CoinDesk on June 3, Visa, Mastercard, and Stripe are close to launching a new stablecoin platform designed to directly challenge the duopoly of Tether and Circle, which collectively hold about 80% of the $325 billion stablecoin market; Coinbase (NASDAQ: COIN) is evaluating whether to join but has not confirmed participation. ⚠️ All three companies have declined to comment, and Mastercard did not respond prior to publication; the report remains unconfirmed and based on sources familiar with the matter.
CleanSpark, Inc. (NASDAQ: CLSK) released its May monthly report on June 4 via PRNewswire: In May, the company produced 671 BTC (average of 21.66 BTC per day, with a daily peak of 23.16 BTC); peak hash rate reached 50.0 EH/s, with an average operational hash rate of 46.2 EH/s and 224,473 active miners; power consumption totaled 808 MW, with contracted capacity of 1.8 GW; 654 BTC were sold in May (average price of approximately $79,934), increasing the BTC holdings to 13,470 as of May 31; cumulative production since 2026 totals approximately 3,110 BTC. Concurrently, the company announced the appointment of Ruben Sahakyan as Senior Vice President of Finance. Sahakyan joins from Keefe, Bruyette & Woods’ Digital Assets & Infrastructure division, where he served as Managing Director and Co-Head, bringing over $20 billion in advisory transaction experience. He will lead capital markets and M&A efforts for the Sandersville and Texas AI data center projects.(Source: BBX)
