Visa and Mastercard report that stablecoin usage on their networks remains minimal, with transactions primarily driven by speculative trading rather than mainstream commerce. Both payment giants acknowledge blockchain's potential but emphasize current limitations in scalability and regulatory clarity. Visa's crypto head notes stablecoins currently serve niche use cases, while Mastercard highlights ongoing experiments with tokenized bank deposits as a more viable short-term solution. The companies continue monitoring stablecoin developments, particularly focusing on regulatory frameworks and real-world adoption beyond crypto-native applications.