Keefe Bruyette sees limited near-term risk to Visa (V) and MasterCard (MA) after the Wall Street Journal reported the large retailers are exploring stablecoin payments and potentially bypass the card payment rails. Discussions are in the early stages, and any decisions would depend on passage of the Genius Act, which aims to establish a regulatory framework for stablecoins, the analyst tells investors in a research note. Visa is down 3% to $362.01 in premarket trading while MasterCard is down 2% to $577.80.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on V:

Disclaimer & DisclosureReport an Issue

• Visa, MasterCard slide after WSJ says merchants exploring stablecoins

• Stablecoin transaction volumes hit $752B in May, FT reports

• Marqeta to power Klarna debit card

• Visa’s Strategic Growth and Innovation Drive Buy Rating

• ‘Now Is the Time to Buy,’ Says Mizuho about Visa Stock (V)