Stablecoins moving $400M/hour as Visa, Mastercard fight for share

TL;DR: Stablecoin transfers now top $400 million an hour, mostly outside U.S. banking hours. Trump-linked USD1 lost about 10% of its market cap in two weeks. Mastercard rolled out a wave of stablecoin products, and Visa is keeping pace with commercial payouts and a Mesh partnership. Global stablecoin transfers are now topping $400 million an hour, and both Visa ( NASDAQ: V ) and Mastercard ( NASDAQ: MA ) want to carve out serious slices of this pie.