Overview
- Visa delivered fiscal third-quarter revenue of $10.17 billion, up 14% year-over-year, with payments volume rising 8% and transactions up 10%, surpassing analyst forecasts.
- The company settled more than $200 million in stablecoin transactions during Q2 on its Visa Direct platform as it pilots faster, lower-cost cross-border corridors.
- Visa’s network now supports EURC, USDG and PYUSD on Stellar and Avalanche blockchains to broaden its stablecoin settlement infrastructure.
- CEO Ryan McInerney highlighted the Tokenized Asset Platform and programmable finance tools as avenues for banks to issue stablecoins and launch new payment services.
- Broader adoption of stablecoins hinges on clearer regulatory guardrails under the GENIUS Act, McInerney said, as Visa readies for scaling digital-asset settlements.