Stablecoins moving $400M/hour as Visa, Mastercard fight for share

Homepage > News > Finance > Stablecoins moving $400M/hour as Visa, Mastercard fight for share TL;DR: Stablecoin transfers now top $400 million an hour, mostly outside U.S. banking hours. Trump-linked USD1 lost about 10% of its market cap in two weeks. Mastercard rolled out a wave of stablecoin products, and Visa is keeping pace with commercial payouts and a Mesh partnership. Key Takeaways: Global stablecoin transfers top $400 million an hour, and 73% of volume occurs outside U.S. banking hours. Stablecoin payments fail 0.145% of the time, versus 1.51% for fiat card payments falsely flagged as fraud. Trump-linked USD1 shed roughly 10% of its market cap in two weeks, falling from $4.45 billion to just under $4 billion. Mastercard launched the Global Money Platform, Stablecoin Security, and early access to Agent Pay for Machines. Visa keeping up with the Mastercard Joneses: Visa moved its Visa Direct stablecoin payouts to commercial deployment and partnered with Mesh. Global stablecoin transfers are now topping $400 million an hour, and both Visa (NASDAQ: V) and Mastercard (NASDAQ: MA) want to carve out serious slices of this pie. The Always-On Dollar, a new report from the C...