The stablecoin fever is rising, but the threat to Visa and Mastercard remains frozen
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Stablecoins (o e)
Payments, as Amazon and Walmart Stores
explore issuing their own tokens, while Shopify launches EIE)
USDC/USD payments in over 30 countries. Optimists consider this an existential threat to Visa (NYSE:V) and Mastercard
but Jefferies is not convinced. The firm IBA)
still sees no killer use for consumers - and that the hype far exceeds reality.
"We do not see stablecoins as a threat to Visa and Mastercard - there is still no compelling reason for consumers to use them," wrote Jefferies analysts, opposing the idea that a cryptocurrency-backed payment revolution is imminent.$BTC