---
title: Are stablecoins about to upend the Visa & Mastercard duopoly? Not so fast...
description: Visa and Mastercard dominate credit card transactions, charging US merchants significantly higher fees than elsewhere. Unsurprisingly, US merchants are desperate to escape these hundreds of billions in costs.
---

[Slow food for thought](https://blog.syzgroup.com/slow-food-for-thought)

# [Are stablecoins about to upend the Visa & Mastercard duopoly? Not so fast...](https://blog.syzgroup.com/slow-food-for-thought/are-stablecoins-about-to-upend-the-visa-mastercard-duopoly-not-so-fast)

 Written by [Gaël Combes](https://blog.syzgroup.com/slow-food-for-thought/author/gaël-comb) | Jun 27, 2025 2:24:02 PM

<https://blog.syzgroup.com/hubfs/Focus_250627_VisaMastercardStableCoins.pdf?hsLang=en><https://blog.syzgroup.com/hubfs/Focus-Changing%20investment%20preferences%20from%20boomers%20to%20GenZ-31.08.23.pdf?hsLang=en>

[View full post](https://blog.syzgroup.com/slow-food-for-thought/are-stablecoins-about-to-upend-the-visa-mastercard-duopoly-not-so-fast)

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