Visa Expands Stablecoin Support Amid Surging Demand
Visa is integrating four new stablecoins across multiple blockchains to bolster its settlement platform, responding to a quadrupling of stablecoin-linked card spending year-over-year. The payments giant reported $10.72 billion in Q4 revenue, slightly exceeding analyst forecasts, while signaling deeper crypto ambitions.
CEO Ryan McInerney revealed the expansion during earnings calls but withheld specifics on the stablecoins or underlying chains. The MOVE follows a pilot program enabling banks to prefund cross-border transactions using stablecoins—a market Visa now views as critical infrastructure for global payments.