Citing a fourfold increase in stablecoin-linked card spending year-over-year, Visa is decisively expanding its embrace of digital currency.
The payments network unveiled plans to integrate four stablecoins, spanning two currencies and running on four unique blockchains. This allows Visa to accept and convert these digital assets into more than 25 traditional fiat currencies.
The data underscores the growing traction of this asset class, which Visa has already facilitated with over $140 billion in total crypto and stablecoin flows since 2020, including more than $100 billion in asset purchases using Visa credentials.
The move signals that stablecoins are rapidly transitioning from a niche asset to a core component of the future payments landscape.
