Visa and Mastercard stocks experienced a significant drop following reports that major retailers, including Amazon and Walmart, are exploring the issuance of their own stablecoins.
Disappointing Trading Performance for Visa and Mastercard
On Friday, June 13, 2025, Visa shares fell 6.35% to close at $347.83, while Mastercard dropped 5.64% to $556.02. This drop was driven by investors weighing the threat posed by retailer-issued stablecoins to traditional payment networks.
Retailers Explore Possibility of Issuing Stablecoins
According to a Wall Street Journal report, Walmart and Amazon are actively considering issuing their own stablecoins, which could change how large merchants process payments by allowing them to bypass legacy networks.
Legislative Changes and Their Market Impact
These corporate explorations coincide strategically with advancements in legislation, particularly the GENIUS Act, which aims to establish clear regulatory rules for stablecoins in the U.S. The bill requires stablecoin issuers to maintain full reserves and undergo federal or state oversight, potentially providing clarity needed for major corporations.
The drop in Visa and Mastercard stocks highlights the potential for significant changes in the financial sector, as stablecoins could dramatically impact traditional payment processing schemes. Investors should closely monitor ongoing developments.
