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Visa is Near a Record High, and the Stablecoin Threat Keeps Not Arriving
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Visa is Near a Record High, and the Stablecoin Threat Keeps Not Arriving
Visa (NYSE: V) traded between $378.50 and $381.77 on 27 August, sitting within 1% of its all-time closing high of $384.14 set on 25 August. One day earlier, it announced a stablecoin partnership with South Korea's Shinhan Financial Group. The stock did not flinch. If stablecoins are supposed to be killing card networks, the market has not read the obituary. Where the Stock is and How it Got There Visa closed at $384.14 on 25 August and has gaine…
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