/Visa%20Inc%20gold%20card-by%20hatchpong%20via%20iStock.jpg)
On Friday, June 13, shares of payments technology giant Visa (V) slipped 5% after The Wall Street Journal revealed that retail titans like Walmart (WMT) and Amazon (AMZN) are weighing the idea of issuing their own stablecoins. The news raised fears in the market that such digital currencies could chip away at traditional payment networks
Barclays is not buying into the panic, however. The firm called the reaction overblown and sees opportunity where others see risk. According to Barclays, while stablecoins hold undeniable promise, they are still a long way from penetrating the retail payments landscape where Visa dominates.
