Overview
- Visa said the expansion will cover two currencies that it can accept and convert into more than 25 fiat currencies.
- Stablecoin-linked card spending rose fourfold year over year, with monthly volume at a $2.5 billion annualized run rate across 130+ programs in 40+ countries.
- Since 2020, Visa has processed over $140 billion in crypto and stablecoin flows, including more than $100 billion in asset purchases using Visa credentials.
- The company is building tokenization tools so banks can mint and burn their own stablecoins through Visa’s tokenized asset platform.
- A Visa Direct pilot lets banks pre-fund cross-border payouts with USDC and Euro Coin, and Visa withheld which new coins or blockchains are being added while continuing to convert stablecoin receipts to fiat for merchants.