
Visa aims to expand its capabilities in the field of digital currencies. According to CEO Ryan McInerney, the company is going to integrate four new stablecoins running on four blockchains into its payment system.
Exactly which assets and networks will be involved is still being kept secret, but it is known that they can be converted into 25 fiat currencies through the Visa system.
Starting with the support of popular stablecoins like USDC, EURC, PYUSD and USDG on the Ethereum, Solana, Stellar and Avalanche networks, Visa shows its interest in this topic. And this is logical, considering how fast demand is growing. The figures speak for themselves: over the last quarter, payments on Visa cards linked to stablecoins have increased fourfold, and the monthly volume consistently exceeds 2.5 billion dollars per year.
The company's experts have noticed how the role of stablecoins is changing: they are no longer just a tool for trading, but are increasingly being used for daily purchases. With this in mind, Visa plans to actively develop two main areas: simplification of banking operations and faster and more profitable international transfers.
In general, Visa's approach to adding new stablecoins looks like a logical step towards creating a mixed financial environment. In it, digital assets receive equal rights with traditional ones and can be used for international transactions and regular banking operations.