Visa and Mastercard are rapidly entering the stablecoin space and seeking acquisitions or investments

Visa and Mastercard are rapidly embracing cryptocurrency payments to leverage the growing popularity of stablecoins in developing countries and to fend off competition from merchants attempting to bypass their networks. Both companies have been aggressively expanding their cryptocurrency payment operations overseas and are actively seeking acquisition or investment opportunities. Visa aims to invest in stablecoin startups, particularly those that help expand its banking network and increase user numbers.