Visa Inc. (V) shares dropped 4.88% as stablecoins gain traction, posing competition

From Yahoo Finance: 2025-06-19 14:04:00

Visa Inc. (V) experienced a significant drop in share prices by 4.88 percent, closing at $340.38 per share due to Senate passing stablecoins bill, impacting traditional card payments. Stablecoins are digital currencies pegged to the US dollar, posing competition to traditional payment companies like Visa Inc. under Trump’s administration.

In the second quarter of fiscal year 2025, Visa Inc. (V) reported a 2 percent decrease in net income to $4.577 billion, while revenues increased by 9.3 percent to $9.594 billion year-on-year. Despite potential as an investment, some AI stocks are seen as having higher returns with limited downside risk in the current market environment.

Read more: Visa Inc. (V) Nosedives as Stablecoins Take Center Stage