Jun. 21 at 1:31 PM
$V $MA $COIN $CRCL
The GENIUS Act allows not just banks and Fintech companies, but also retailers to issue their own stablecoins. The market reacted quickly: Visa and Mastercard shares dropped about 3%, while Coinbase and Circle jumped more than 10%.
The message was clear: investors now see stablecoins as a serious challenge to Visa and Mastercard's dominance. At first, I was skeptical. Even in the most optimistic scenario, stablecoins seemed far from replacing cards, which offer strong rewards, global acceptance, and consumer protections.
But then I came across the Coinbase Commerce Payments Protocol, and it made me rethink my thesis. The protocol doesn’t just bring key card features into stablecoin payments. It also lays the foundation for an ecosystem of players who are financially motivated to drive stablecoin adoption.
Maybe stablecoin payments will go mainstream faster than I thought!
https://www.popularfintech.com/p/coinbase-is-quietly-taking-on-visa-and-mastercard-a85f4594920b297f
