Visa and Mastercard have expressed caution regarding the use of stablecoins for everyday consumer payments, as discussed in their latest earnings calls. Visa CEO Ryan McInerny noted that in highly digitalized developed markets, stablecoins have not yet demonstrated a clear product-market fit for consumer payments. He highlighted that U.S. consumers can already make convenient 'digital dollar' payments through bank accounts, reducing the immediate need for stablecoins in consumer transactions. Mastercard CEO Michael Miebach added that stablecoins are primarily viewed as a settlement currency within their network, with current uses focused more on trading and speculation rather than daily payments.