Visa and Mastercard Dismiss Stablecoins as Competitive Threat

Payment giants Visa and Mastercard maintain their dominance remains unchallenged by stablecoins, despite growing crypto adoption. With $15 trillion in annual transaction volume, Visa's infrastructure dwarfs current stablecoin usage, which remains largely confined to crypto trading rather than mainstream payments.

Industry executives acknowledge stablecoins' technological advantages but highlight critical shortcomings in scale, fraud protection, and consumer trust. "The infrastructure gap is still monumental," observed one payments strategist, noting that 90% of stablecoin activity still flows through crypto exchanges rather than retail merchants.

Both companies continue strategic investments in blockchain infrastructure, suggesting a long-game approach to digital asset integration. The quiet development moves contrast with their public stance, revealing nuanced positioning in the payments evolution.