10 Stocks Take A Shocking Nosedive

5. Visa Inc. (NYSE:V)

Visa Inc. dropped its share prices by 4.88 percent on Wednesday to end at $340.38 apiece as investor sentiment was dampened by the Senate’s passage of the stablecoins bill, posing threats to traditional card payments.

Stablecoins are a type of currency designed to maintain a 1:1 ratio with the US dollar and is widely used by cryptocurrency traders to move funds between tokens.

Under the administration of President Donald Trump, Stablecoins gained momentum as an alternative payments method, emerging as a potential competitor to traditional payments companies, including Visa Inc. (NYSE:V).

In the second quarter of fiscal year 2025, Visa Inc. (NYSE:V) dropped its net income by 2 percent to $4.577 billion from the $4.663 billion registered in the same period last year.

Revenues, however, grew by 9.3 percent to $9.594 billion from $8.775 billion year-on-year.