Visa, Mastercard stocks slide after stablecoin report

3 weeks ago 2
Visa, Mastercard, American Express, UnionPay, JCB and Diners Club app icons. Assorted credit card companies

Robert Way

Mastercard (NYSE:MA) stock dropped 4.9% and Visa (NYSE:V) sank 5.3% in Friday late morning trading after a report said massive retailers Amazon.com (AMZN) and Walmart (WMT) are considering stablecoin payment systems that would bypass traditional payment rails.

Some fintechs also

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