🔥Visa and Mastercard fall as the stablecoin bill advances 👀
The stock prices of #Visa and #Mastercard have fallen nearly 10% since last Friday, amid the recent approval of the Genius stablecoin bill (#GENIUSActPass ) in the United States.
Just as the stock prices of these 2 major payment networks declined, the U.S. Senate was approving the Genius bill, which aims to establish clear rules for the collateralization of stablecoins and compliance with anti-money laundering laws.
Additionally, according to some media outlets, companies like Amazon Walmart, the social network X, Apple, among others, would be exploring #monedas stablecoins as a means to reduce fees and conduct cross-border payments. More recently, it was confirmed that #JPMorgan was testing its pilot plan with a deposit stablecoin.
Is the market sending signals?
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