BiyaPay Analyst: Visa, Mastercard Dominance Shaken, Stablecoins Rise to Seize Market Share

On July 2nd, the digital payment field is experiencing a transformation. The once-dominant payment giants Visa and Mastercard are now facing a strong challenge from stablecoins. The emergence of stablecoins not only provides the advantage of lower costs and faster settlements but may also redefine the global payment ecosystem. Without relying on traditional banks and payment networks, stablecoins have significantly reduced merchants' payment costs, especially in cross-border payments, highlighting their efficiency and cost advantages. The market capitalization of stablecoins has reached $253 billion, attracting tech companies, retailers, and others to join in, driving innovation and competition in the payment field. The rapid development of stablecoins in areas such as DeFi (Decentralized Finance) and cross-chain interoperability has made them a core tool for digital payments. Furthermore, corporations and institutional investors have begun using stablecoins for large-scale cross-border transactions, greatly reducing the costs and time of traditional payment channels. Benefits for BiyaPay Users: For users of the BiyaPay platform, the rise of stablecoins has brought more opportunities. BiyaPay offers the functionality to exchange USDT for over 30 fiat currencies such as USD, EUR, HKD, allowing users to easily engage in low-cost fiat-to-digital asset transactions. With its flexible payment and cryptocurrency trading services, the BiyaPay platform has provided users with a powerful tool to adapt to this change. As the payment landscape evolves, BiyaPay will continue to offer users an innovative digital payment experience.