Visa to integrate four new stablecoins across Ethereum, Solana, Stellar, and Avalanche.
Stablecoin-linked card spending quadrupled year-over-year, hitting $2.5B annualized volume.
Visa is set to incorporate four new stablecoins that work on distinct blockchain networks into its cryptocurrency expansion effort. The payment processing giant shared the intention during its latest earnings call, a key milestone in the drive for mainstream digital commerce. CEO Ryan McInerney said the firm would support two currency types that would convert into over twenty-five traditional fiat currencies across the globe.
Strategic Growth in Digital Payments
Since 2020, the payment leader has processed around $140 billion in cryptocurrency transactions. Moreover, Visa now accepts various well-known stablecoins, such as USDC, EURC, PYUSD, and USDG, on the platforms of Ethereum, Solana, Stellar, and Avalanche.
Consumer spending using a stablecoin-linked card quadrupled in the fourth quarte
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