📉 LATEST: Visa & Mastercard dropped ~5% today after reports Amazon, Walmart & others are looking at stablecoins — just as the GENIUS Act opened the door.
Why the panic?
Stablecoins can cut payment costs by up to 85%, bypassing card networks entirely.
That’s a huge threat to Visa and Mastercard—they're in danger of losing massive fee revenue if stablecoins go mainstream.
Why the panic?
Stablecoins can cut payment costs by up to 85%, bypassing card networks entirely.
That’s a huge threat to Visa and Mastercard—they're in danger of losing massive fee revenue if stablecoins go mainstream.
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