Visa drops 7%, Mastercard 6% after report says Amazon and Walmart may bypass credit cards with stablecoins

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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 their own tokens.
  • Stablecoin Appeal: Seen by merchants as a way to lower card processing fees; pegged to currencies like USD.
  • Analyst Views: Despite selloff, analysts see a buying opportunity for Visa and Mastercard.
  • Market Habits: Analysts say consumers are still tied to cards, and stablecoin adoption will be slow due to trust and regulation issues.
  • Proactive Moves: Visa and Mastercard already have stablecoin processing capabilities and are positioned to benefit even if adoption grows.

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