Visa is enhancing its role in the stablecoin market, with over 130 stablecoin-linked card programs across 40 countries, positioning itself as a ‘network of networks.’
In his latest public statement, Visa’s CEO Ryan McLnerney, noted that the payment giant is adding support for four stablecoins and running on four separate blockchains. He further stated that the stablecoins will represent two currencies that Visa can accept and convert to 25 traditional fiat currencies.
McLnerney confirmed the latest development during a fourth-quarter earnings call on Tuesday, where he revealed that “in Q4 stablecoin-linked Visa card spend quadrupled versus a year ago.” Following the US regulators’ creation of regulatory certainty around stablecoins, particularly US-pegged tokens, Visa, alongside other traditional financial institutions and payment providers, sees increased potential in the digital asset class.
McLnerney revealed that Visa has facilitated over $140 billion in crypto and stablecoin flows since 2020. According to him, that volume includes users leveraging Visa’s credentials to make crypto and stablecoin asset purchases of up to $100 billion.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
