A look at how Trump's support for the GENIUS Act could shake up Visa and Mastercard's dominance with stablecoins, plus a memecoin twist.
Yo, what's the deal? The intersection of Trump, a stablecoin bill, and the Visa Mastercard empire? It's a whole mood. Basically, Trump's pushing for this GENIUS Act, which could let stablecoins run wild and maybe even sideline the big dogs of payment processing.
The GENIUS Act: A Glitch in the Matrix for Visa and Mastercard?
So, this GENIUS Act—passed in the Senate—is all about setting the rules for stablecoins, those dollar-pegged cryptocurrencies. Some analysts, like Mark Hines, are saying this could let internet giants like Stripe and Amazon bypass Visa and Mastercard with lower fees. Imagine paying for your Prime haul with AmazonCoin instead of swiping your Visa. Talk about a plot twist!
Trump's Two Cents (or Stablecoins)
Trump himself hopped on Truth Social, yelling for the House to pass a "clean" GENIUS Act, ASAP. No delays, no add-ons. Sounds like he's got a vested interest in seeing this thing move. Maybe he's tired of paying those pesky credit card fees himself?
The Skeptics in the Room
Not everyone's convinced Visa and Mastercard are about to become dinosaurs. Rebound Capital on Substack thinks there's still a long way to go before stablecoins seriously dent their bottom line. And Dan Davies, a former Bank of England economist, is even warning that stablecoins could be a “systemic risk” to banks. Basically, he thinks they could become banks without any of the grown-up supervision.
Visa and Mastercard: Still Ballin'?
Despite all this stablecoin chatter, Visa and Mastercard are still raking in the dough. We're talking about processing ~$28 trillion a year. Visa's stock is up 8.26% in 2025 and gained 22.96% over the year. Mastercard returned 3.13%year-to-date and 19.05% over the year. So, while disruption might be on the horizon, they're not exactly hurting right now.
A Memecoin Interlude: Trump Coin's Wild Ride
And because crypto is never boring, let's talk about the Trump memecoin. While all this stablecoin business is brewing, the TRUMP memecoin is facing some drama. Wallets linked to the memecoin team moved $2.4 million worth of tokens, raising some eyebrows about potential insider selloffs. The price is trending downwards, and traders are watching closely to see if it can hold its support. Is it related to the GENIUS act? Probably not. Is it hilarious? Absolutely.
The Bottom Line
So, what's the real takeaway? The GENIUS Act could be a game-changer for stablecoins, potentially disrupting the Visa Mastercard duopoly. But it's not a done deal, and there are plenty of skeptics. And while all this serious stuff is happening, there's always a memecoin ready to add some chaos to the mix.
In the meantime, keep your eyes peeled. The world of crypto and finance is changing faster than a New York minute. And who knows? Maybe one day we'll all be paying for our lattes with TrumpCoin.
