Visa & Mastercard are selling off due to the Stablecoin bill passing😂
To me it's a massive overreaction but I hope the market is irrational enough to send them much lower.$V $MA pic.twitter.com/WpKtwe3YPW
— Patient Investor (@patientinvestt) June 18, 2025
Even the most “invincible“ stocks are never without risk.
Who knew Stablecoins would become a legitimate threat?
How we pay for things in the future could change with the blockchain.
I need to learn more about this. pic.twitter.com/mklqP6ciaI
— QE Infinity (@StealthQE4) June 19, 2025
The Senate just fired a warning shot at the credit card giants. The GENIUS Act, a federal stablecoin bill, passed with a 68 to 30 vote. It’s not law yet, but the market didn’t wait. Visa and Mastercard shares dropped more than 4 percent in a single session. That’s not a dip. That’s a signal. The bill lays out a framework for private companies to issue stablecoins backed by full reserves and subject to monthly audits. It hands regulatory authority to the Treasury. It bans yield on consumer stablecoins. And it opens the door for retailers, fintechs, and banks to bypass the card networks entirely.
The numbers are already tilting. In 2024, stablecoins processed over $27 trillion in transactions, outpacing Visa and Mastercard combined. In May alone, stablecoins moved $1.4 trillion. That’s not crypto speculation. That’s commerce. More than 20 percent of stablecoin volume is now tied to payments, not trading. Weekly transfers average $500 billion, which is 60 percent more than Visa’s volume. The shift is not theoretical. It’s underway.
Retailers are watching. Amazon and Walmart are reportedly exploring their own stablecoin systems. Coinbase just launched a stablecoin payments platform targeting Shopify and eBay. The pitch is simple. Faster settlement. Lower fees. No middlemen. No interchange charges. That’s a direct hit to the Visa-Mastercard model. If merchants can process payments without giving up 2 to 3 percent per swipe, they will.
The GENIUS Act doesn’t just legalize stablecoins. It legitimizes them. It gives them a regulatory home. It makes them bankable. That’s what the market sees. That’s why crypto stocks are rallying while card networks are bleeding. The House still needs to pass its version. But the Senate vote was decisive. The message is clear.
Sources:
https://www.cnbc.com/2025/06/17/genius-stablecoin-bill-crypto.html