>Why you might one day use stablecoins in place of credit cards or bank accounts
Credit card processing fees can run as high as 3.5%, plus merchants pay a flat fee for each transaction. Meanwhile, traditional payment methods can often take several days to settle.
By comparison, stablecoin transactions typically cost less than $0.1 and offer near-instant settlement. Not surprisingly, many businesses are expected to embrace stablecoins and the potential cost and time savings.

>Circle Stock's Blockchain: Threat To Visa & Mastercard?
Circle has recently launched Arc, a new public blockchain built explicitly for stablecoin payments. This initiative positions Circle in direct competition with payment giants such as Visa (NYSE: V) and Mastercard (NYSE:MA), as well as the cryptocurrency networks it currently depends on, like Ethereum and Solana. This transition is significant as Circle aims not only to issue digital currency but also to manage the system that enables transactions and potentially accrues fees.

>Head of Bank Lobby Says ‘There’s a Move To Replace Us’ Amid Rise of Stablecoins: Report
Traditional banking lobbying groups are reportedly lining up against crypto. “it feels like there’s a move to replace us” amid concerns that small bank customers could move their money into digital asset products.
Given the potential disruption to traditional payment rails, major financial institutions are exploring whether to issue their own stablecoins. Bank of America, JPMorgan & Chase, Wells Fargo, and Citigroup have explored the possibility of issuing stablecoins, both independently or by teaming up.