Will Stablecoins Kill Visa's Cash Cow?

Legislation is scaring investors out of the stock. Cryptocurrency is threatening Visa's (V 1.65%) business again in the form of stablecoins -- at least, that's today's narrative. The payments-network giant is down almost 10% from all-time highs, likely due to new stablecoin legislation that's working its way through Congress. Merchants and financial technology players are building acceptance of these cryptocurrencies as a way to pay for goods and services, perhaps circumventing Visa altogether. What are sta ...