Visa, a leading global payments company, is set to incorporate several stablecoins into its payments infrastructure. This move aims to improve the efficiency and flexibility of fund transfers and settlements across its network, providing new options for processing transactions.
In brief
- Visa plans to integrate four stablecoins running on four different blockchains into its payments infrastructure.
- Stablecoins span two currencies and can be converted into over 25 fiat currencies.
- Visa now handles over $140 billion in crypto and stablecoin transactions since 2020, with over $100 billion in purchases made with Visa credentials.
- Visa has processed more than $140 billion in crypto and stablecoin transactions since 2020, including more than $100 billion in purchases using Visa credentials.
Integration of Stablecoins on the Visa Network
Visa CEO Ryan McInerney indicated that the company will support four stablecoins running on four separate blockchains. These currencies span two currencies and can be converted to over 25 fiat currencies via Visa's infrastructure. He also highlighted that spending via Visa cards linked to stablecoins quadrupled compared to the previous year, indicating strong adoption in the market.
Since 2020, the company has managed over $140 billion in crypto and stablecoin transactions. Of this total, more than $100 billion involved purchases of crypto and stablecoin assets made with Visa IDs. This shows the payments company's growing experience in managing digital assets within its traditional payments ecosystem.
Visa now offers more than 130 stablecoin-related card programs in more than 40 countries. Additionally, the company allows banks to issue and redeem their own stablecoins through Visa's Tokenized Assets Platform.
Regulatory Clarity and Commercial Applications
The company's expansion coincides with clearer regulation in the United States regarding stablecoins, notably under the GENIUS Act, which provides guidelines for their use. This regulatory framework has encouraged Visa and other financial institutions to more confidently explore the potential of stablecoins.
In September, Visa announced a pilot program pre-financing with stablecoins via Visa Direct. This initiative is designed to help businesses move funds internationally more efficiently, while providing faster access to liquidity. It aims to support corporate treasury operations in an increasingly digital financial environment.
Visa Warns to Modernize Credit and Transactions with Stablecoins
Furthermore, stablecoins are expanding their role in broader financial services. According to a recent report from Visa, more than $670 billion in stablecoin-denominated loans were issued via smart contracts, with volumes showing strong growth compared to the previous year.
The company sees this as an opportunity to modernize credit processes and promote financial inclusion globally. It aims to support its network of more than 15,000 financial institutions in adapting to the expanding stablecoin market and building the tools and systems needed for on-chain lending and digital payments.
To date, the company supports major stablecoins such as PayPal USD (PYUSD), Euro Coin (EURC), and USD Coin (USDC). It has also partnered with digital asset companies to expand payment processing options and improve the functionality of international transactions.
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