TechFlow news, August 2: According to Reuters, the cryptocurrency boom led by stablecoins is intensifying uncertainty in the U.S. credit card duopoly. In recent earnings call conferences, executives from Visa and Mastercard faced a new legislative environment that could accelerate stablecoin adoption, generally downplaying the potential threat posed by dollar-linked digital currencies to their payment networks. Although both companies have provided some market reassurance through stable profit performance and strong valuation levels, the surge in market capitalization of stablecoin operator Circle Internet Group surpassing $40 billion still reveals diverging investor expectations regarding transformation in the payments sector, making it difficult for both groups of investors to be simultaneously correct.
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