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Credit Card Giants Downplay Crypto Disruption Amid Rising Stablecoin Momentum
Credit Card Giants Downplay Crypto Disruption Amid Rising Stablecoin Momentum
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BTCCSquare news:
Visa and Mastercard remain unfazed by the growing influence of stablecoins in the U.S. payment ecosystem, despite surging valuations for firms like Circle Internet Group. Both companies reported robust earnings, with Visa posting an 8% increase to $5.3 billion and Mastercard climbing 14% to $3.7 billion. Their dominance persists, handling roughly 70% of consumer transactions nationwide.
Legislative tailwinds could accelerate stablecoin adoption, potentially bypassing traditional card networks. Yet, historical resilience suggests Visa and Mastercard may weather this challenge as they have with past disruptors. The rise of digital dollar-based payments introduces rare uncertainty into the future of U.S. payment infrastructure.
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