Cathie Wood says Circle could disrupt Visa and Mastercard

INSIGHT: Cathie Wood says analysts focused on traditional payment networks like Visa and Mastercard are underestimating the potential disruption from Circle.
Her argument is that stablecoins can move money globally through blockchain infrastructure without relying on the same payment rails that dominate traditional finance.
Circle has already gained 84% since its IPO, but Wood believes the market still does not fully understand how significant that shift could become.
The bigger question is whether stablecoins ultimately complement existing payment networks or begin taking meaningful transaction volume away from them.