To increase the way payments are settled and funds are transferred within the Visa network, the debit and credit card giant plans to support a variety of stablecoins.
"We are adding support for four stablecoins running on four unique blockchains for two currencies that we can receive and exchange for more than 25 traditional fiat currencies," Ryan McInerney, Visa's chief executive, said on a fourth-quarter earnings call on Tuesday.
In addition, McInerney also emphasized that "in the fourth quarter, stablecoin-related Visa card spending increased threefold compared to the same period last year (note: quadrupled means" quadrupled ", which is a 300% increase year-over-year)."
Like many other traditional Financial Institution Groups and payment companies, Visa sees greater potential for stablecoins, especially after the US established regulatory certainty for USD-pegged tokens. While Visa has worked with crypto-native businesses in the past, in September it launched a pilot project to test stablecoins for cross-border transfers, offering businesses a new way to send money overseas more quickly.
Visa is powering four stablecoins on four different blockchains
2025-10-28 23:43:07
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