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Visa and Mastercard Dismiss Stablecoins as Immediate Threat to Payments Dominance
Visa and Mastercard Dismiss Stablecoins as Immediate Threat to Payments Dominance
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BTCCSquare news:
Visa and Mastercard have downplayed the current impact of stablecoins on their global payments infrastructure. During recent earnings calls, executives highlighted that stablecoin transaction volumes remain insignificant compared to traditional card networks, with Visa alone processing $15 trillion annually.
The payment giants acknowledged potential niche applications in markets with volatile local currencies, but emphasized their entrenched position in developed economies. "We're watching the space, but scale matters," implied one analyst interpretation of the remarks, noting existing networks offer superior utility for mainstream commerce.
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