<ul data-eligibleForWebStory="false"><li>Visa and Mastercard face stiff competition from tech firms and crypto startups.</li><li>Stablecoins offer lower fees and faster settlement, posing a threat to traditional networks.</li><li>Both giants are adapting to the digital payment landscape by integrating stablecoins.</li><li>Visa and Mastercard tout advantages like merchant reach, brand trust, and consumer privacy.</li><li>The shift towards stablecoins may reshape payment preferences despite current challenges.</li></ul>

Visa, Mastercard race to tame a $253bn crypto threat

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