A recent Wall Street Journal article raised concerns that stablecoins could pose a disruptive threat to Visa (V) and Mastercard (MA), Barclays tells investors in a research note. While the firm sees significant potential in stablecoin technology and remains optimistic about its broader applications, the firm believes retail payments will be a challenging area for adoption. Barclays, which maintains an Overweight rating on MasterCard with a $650 price target and an Overweight rating on Visa with a $396 price target, says the concerns are exaggerated, and would view any related weakness as a buying opportunity.
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