Visa and Mastercard are not optimistic about the application of stablecoins in daily payments.

According to CoinWorld, Wall Street payment giants Visa and Mastercard remain cautious about the role of cryptocurrencies in everyday payments, citing limited consumer demand for stablecoins in developed markets. Visa CEO Ryan McInerney pointed out that there are already multiple digital dollar options available, while Mastercard CEO Michael Miebach regards stablecoins as "another currency" that needs to be supported, with transactions still being their main use case. In contrast, digital bank SoFi is actively expanding into the cryptocurrency sector, with its CEO Anthony Noto describing it as a key part of the next phase of financial services.