Visa & Mastercard dropped ~5% today after reports Amazon, Walmart & others are looking at stablecoins - just as the GENIUS Act opened the door.
Why the panic?
Stablecoins can cut payment costs by up to 85%, bypassing card networks entirely.
That's a huge threat to Visa and Mastercard-they're in danger of losing massive fee revenu stablecoins go mainstream.$USDC
