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Visa and Mastercard are rapidly entering the stablecoin space and seeking acquisitions or investments.

Odaily News Visa and Mastercard are quickly embracing crypto assets payments to leverage the rise of stablecoins in developing countries and to fend off competition from merchants attempting to bypass their networks. Both companies have aggressively expanded their crypto assets payment businesses overseas and have been seeking acquisition or investment opportunities. Visa hopes to invest in stablecoin startups, particularly those that help expand their banking networks and increase user numbers. (The Information)

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