Visa drops 7%, Mastercard 6% after report says Amazon and Walmart may bypass credit cards with stablecoins
No paywall: https://finance.yahoo.com/news/60-billion-visa-mastercard-slump-184854735.html Paywall: https://www.bloomberg.com/news/articles/2025-06-13/a-60-billion-visa-mastercard-slump-seen-as-buying-opportunity ChatGPT highlights: Stock Drop: Visa fell 7.1% and Mastercard dropped 6.2% on Friday, wiping out over $60 billion in combined market value. Trigger: Wall Street Journal report said Amazon, Walmart, and others are exploring issuing stablecoins to bypass credit card fees. Other Players: Companies like Expedia and major airlines are also considering …