Visa (NYSE:V), EBay, Stripe and Mastercard (NYSE:MA) have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project.
On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not to join the Libra Association, according to The Block.