Visa is exploring the integration of stablecoins into its payment systems, aiming to tap into the burgeoning $40 trillion credit market. The company believes that stablecoins could enhance transaction efficiency and reduce costs, providing a modern alternative to traditional payment methods. This shift aligns with the growing interest in cryptocurrencies and digital currencies across the financial landscape.

Stablecoins are gaining traction as a payment option, especially for cross-border transactions, following the signing of the Genius Act by President Trump. Their growing adoption is driven by potential cost savings for merchants and regulatory support, although challenges remain regarding consumer familiarity and the need for standardization among different stablecoins. Experts predict that stablecoins could become more common in everyday transactions in the near future.

American Express CEO Steve Squeri stated that stablecoins could serve as a viable alternative to traditional payment systems like ACH and Swift, though they are unlikely to fully replace them. Following the passage of the Genius Act, Amex is exploring the potential uses of stablecoins, particularly in cross-border payments, while maintaining its interest in the cryptocurrency sector through partnerships like the one with Coinbase. Despite a slight dip in profits, analysts remain optimistic about Amex's future, especially with its focus on younger consumers.

Shopify is set to roll out stablecoin payments using USDC to its merchants later this year, marking its largest move into the cryptocurrency space. The integration, developed in collaboration with Coinbase and Stripe, aims to streamline payments for online retailers by allowing faster transactions and reduced fees. Merchants will have the option to accept USDC payments automatically, with incentives like cash back for those who do.

MoonPay has partnered with Mastercard to enable users to make stablecoin payments at over 150 million merchants globally by providing virtual Mastercards linked to their crypto wallets. This initiative is part of Mastercard's broader efforts to enhance digital asset transactions and streamline access to cryptocurrency spending.

Meta is reportedly exploring the introduction of stablecoins to facilitate payouts across its platforms, following its previous abandoned cryptocurrency project, Diem. The company's renewed interest comes amid a growing acceptance of stablecoins in the financial sector, despite earlier regulatory hurdles and anti-crypto policies. Meta has engaged with crypto firms and appointed a new VP of product to lead these discussions, focusing on reducing transaction fees for cross-border payments.

Uber is exploring the possibility of utilizing stablecoins for cross-border money transfers, aiming to enhance the efficiency of its payment systems. This move reflects a growing interest in cryptocurrencies and their potential to streamline international transactions.