Visa and Mastercard Dismiss Stablecoins as Non-Threat... For Now

Payment giants yawn at crypto's latest darling—for the moment.

Stablecoins? More like stable-meh. Visa and Mastercard executives shrugged off dollar-pegged cryptocurrencies as no immediate challenge to their empires during Q2 earnings calls. No panic, no urgency—just the calm before the inevitable fintech arms race heats up.

The irony? These same companies poured millions into blockchain R&D while publicly downplaying the tech. Classic 'innovate quietly, dominate loudly' corporate playbook.

One unnamed analyst quipped: 'When banks say 'no threat,' grab your ledger—disruption's coming.'

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.