đš Payment Giants Feel the Heat from AI + Stablecoins
Traditional payment stocks took a hit after reports suggested autonomous AI agents may prefer low-fee stablecoin rails over legacy card networks charging 2â3.5%.
On Tuesday:
âą Mastercard dropped up to 5.7%
âą American Express fell 7.2%
Why?
AI-driven systems optimizing for cost and speed could increasingly settle payments via blockchains like Solana â bypassing traditional intermediaries altogether.
With stablecoin volume hitting $33T last year and supply projected to reach $1.9T by 2030, the shift could reshape a $100T B2B payments market.
Add in:
âą Spot SUI ETF launch on Nasdaq
âą Meta exploring stablecoins across its apps
âŠand the pressure on legacy rails becomes hard to ignore.
The future of payments may not run on cards â but on code.