Visa and Mastercard executives: Not optimistic about the application of stablecoins in everyday payments.

Huoxun Finance reported on January 31st that, according to Coindesk, executives from Visa and Mastercard offered cautious assessments of digital assets, particularly stablecoins, during their earnings calls this week. They believe stablecoins currently have virtually no market fit in everyday consumer payments, especially in highly digitized markets. Both card organizations are experimenting with blockchain and stablecoin settlements, but they believe most cryptocurrency activity is currently transactional and speculative, rather than posing a short-term threat or opportunity to their core businesses.