Disruption risk from AI, a sector point of view
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Markets are reacting for a reason (Source: Bull Theory). Visa (-4.6%), Mastercard (-5.7%), AmEx (-7.2%), and Capital One (-8.8%) fell as AI-driven payments and stablecoins threaten traditional card economics. While cards charge 2–3.5% fees and higher cross-border costs, stablecoins offer near-zero fees and instant settlement. With $33T in 2025 volume (+70% YoY) and projections up to $4T supply by 2030, capital is shifting. Even incumbents are integrating stablecoin rails. Source: Bull Theory
AI code translation directly competes with IBM's legacy modernization consulting.

