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Visa and Mastercard Say Stablecoins No Threat, for Now

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Qadir AK

Visa and Mastercard recently stated that stablecoins are nowhere near threatening their payments dominance. In their latest earnings calls, both companies described current stablecoin usage as negligible compared to Visa’s $15 trillion annual transactions. They noted stablecoins might find better use in regions with unstable local currencies but are not challenging their stronghold in major markets. Both payment giants stressed that for now, traditional card networks remain far ahead in scale and utility.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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