The stablecoin boom is rapidly growing, but payment giants Visa and Mastercard are still holding their ground. According to Coinbase, the interest of Fortune 500 companies in stablecoins has tripled over the year, and transaction volume in 2024 reached $14 trillion, exceeding Visa's figures. Major retailers like Amazon and Walmart are considering issuing their own stablecoins to reduce fees, which led to a $60 billion drop in Visa and Mastercard stocks in June 2025.
However, analysts, including David Koning from Baird, believe the threat is exaggerated. Consumers value the convenience of credit cards, and the transition to stablecoins requires time and trust. Regulatory hurdles, including the anticipated Genius Act in the US, are also slowing down implementation. Meanwhile, stablecoins, such as $USDT and $USDC , dominate crypto transactions due to low fees and speed.
Despite the growth of stablecoin capitalization to $250 billion, their impact on traditional payment systems remains limited. The market is waiting for clear rules and developed infrastructure. Will stablecoins manage to turn the financial world upside down?
#Stablecoins #Visa #Mastercard #CryptoPayments #FinTech #Blockchain #MiningUpdates
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