According to Odaily Planet Daily, Goldman Sachs analysts Will Nance and James Yaro stated in their latest report that whether stablecoins pegged to fiat currencies will grow to trillions of dollars and gradually erode the traditional financial services industry remains to be seen. Stablecoins pose a "limited threat" to payment services (including the consumer credit card ecosystem), and their current overall poor performance actually creates a buying opportunity. Visa and Mastercard are not competitors, but are "likely to play a key role in the large-scale adoption of stablecoin payments on the consumer side." Therefore, despite Circle's valuation rising after its blockbuster IPO this year, Goldman Sachs is more optimistic about Robinhood's continued innovation in the cryptocurrency space. (Investopedia)