Stripe, Visa, Mastercard Close to New Stablecoin Platform | CoinDesk Daily

**Uyen Truong** (0:00)
Stripe, Visa and Mastercard are teaming up on a new stablecoin platform, and Grayscale kicks off a hyperliquid ETF for. This is CoinDesk Daily.
Stripe, Visa and Mastercard are close to launching a new stablecoin platform together, with Coinbase also looking to join the group. The move could reshape Coinbase's deal with Circle. Their USDC revenue sharing agreement comes up for renewal in August. Grayscale launched its hyperliquid staking ETF on NASDAQ under the ticker HYPEG, charging a 29 basis point fee, the lowest in the category. The number undercuts 21 shares at 30 bips and Bitwise at 34 The fund is also designed to pass through hype staking rewards, which have historically averaged about 2.2% annually. Fairshake-backed candidates swept all 11 of Tuesday's primary races, going undefeated across nine California congressional districts, New Jersey's eighth and South Dakota's Senate primary. The wins extended a streak that began just last week in Texas, where Fairshake affiliates and other industry-backed packs spent more than $9 million.
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