Cathie Wood, known for spotting trends early, said that Visa and Mastercard analysts are "sleeping" and don't see how Circle is changing the payment industry. She's talking about the rise of stablecoins, which could seriously challenge traditional payment systems.
Why It Matters
For those who pay for international services or work with crypto, stablecoins are already a practical tool, not a novelty. USDT and USDC transfers take seconds and cost pennies—especially on the TRC-20 network. Visa and Mastercard, with their fees and bank delays, look like dinosaurs by comparison.
What Wood Says
Wood believes Circle—the issuer of USDC—has the potential to disrupt traditional payment models. She urges a reevaluation of financial systems where stablecoins could replace bank transfers and even card payments.
Practical Angle
For users, this means stablecoins are not a temporary trend but a long-term shift. If you haven't used USDT or USDC for payments yet, it's worth looking into. For instance, a USDT transfer on TRC-20 costs a couple of dollars and takes minutes, while a SWIFT transfer can take days and cost significantly more.
Conclusion
Cathie Wood's comments are another sign that stablecoins are going mainstream. For crypto card holders, this is good news: more competition means better terms and lower fees.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrencies are volatile; proceed with caution.
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