Visa and Mastercard are rapidly advancing into the stablecoin sector and seeking acquisitions or investments

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