Stablecoins challenging Visa and Mastercard? Possible?

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We explored an article discussing the potential of stablecoins to challenge Visa and Mastercard's dominance in payments.

The article highlights how high credit card fees burden merchants, especially small businesses, and suggests that stablecoin networks could disrupt this system by offering lower transaction costs.

However, it also examines regulatory challenges and resistance from the banking sector. Even if the technology is viable, stablecoin banks still face significant regulatory hurdles, particularly due to the strong lobbying power of traditional banks.

Source: https://www.panewslab.com/zh/articledetails/01j511qh.html