365Crypto
Visa Goes Big on Stablecoins
Visa will support four new stablecoins on four different blockchains. Banks can mint and burn their own tokens.
Boosting Crypto Services
CEO Ryan McInerney said Visa is expanding stablecoin offerings after strong growth last year. Users can convert to over 25 fiat currencies.
Existing Stablecoins
Visa already supports USDC, EURC, PYUSD, and USDG across Ethereum, Solana, Stellar, and Avalanche blockchains.
Stablecoin Momentum
$140B in crypto and stablecoin flows have been facilitated since 2020. Consumer spending on Visa stablecoin-linked cards grew 4x last quarter.
Banking and Cross-Border Focus
Visa is helping banks handle stablecoins and enable cross-border transactions. Banks can mint and burn stablecoins on the Visa tokenized asset platform.
