Overview
- CEO Ryan McInerney said the new stablecoins will run on four distinct blockchains and be accepted for conversion into more than 25 fiat currencies, while declining to name the specific tokens or chains.
- Since 2020, Visa has processed over $140 billion in crypto and stablecoin flows, with stablecoin‑linked card spending up fourfold year over year and monthly volumes at roughly a $2.5 billion annualized run rate.
- Visa now counts more than 130 stablecoin‑linked card issuing programs across 40+ countries, reflecting growing consumer and partner adoption.
- A Visa Direct pilot launched in September lets banks pre‑fund cross‑border payouts using USDC and Euro Coin, and Visa is developing tokenization tools to let banks mint and burn their own stablecoins.
- Mizuho called Visa the “stablecoin of stablecoins,” citing its role as core infrastructure, while reports listing specific token‑to‑chain mappings remain unconfirmed by Visa.