Visa Reveals Stablecoin Transaction Volume

Visa CEO Ryan McInerney believes that stablecoin payments are still in their early stages. Before stablecoins can be widely used for cross-border transactions, countries must first enact regulatory frameworks governing their issuance and circulation. He praised the efforts of U.S. authorities for passing a stablecoin bill, and expressed hope that similar legislative initiatives will emerge globally.

“It’s too early to draw conclusions, but we see real potential in stablecoins. On one hand, $200 million is a meaningful result. On the other hand, it’s still a relatively small share of our overall transaction volume,” McInerney said.

Visa is currently testing stablecoins through its Visa Direct service, focusing on real-time international transfers, where settlement delays are common. The company is also leveraging the Visa Tokenized Asset Platform, which enables banks to issue and utilize stablecoins for new types of programmable finance, McInerney added.

Jagdish Pandya, founder of Blockon Ventures, noted that Visa’s daily transaction volume of $5–7 trillion far exceeds the $20–30 billion in daily stablecoin transfers. However, given the $250 billion market cap of stablecoins, he believes the industry is still in its early development stage, comparable to e-commerce in the late 1990s.

Recently, Cuy Sheffield, head of Visa’s crypto division, stated that the true value of stablecoins lies in enabling large-scale cross-border payments and remittances, rather than small everyday transactions.

See also: "The Fed Kept the Rate Unchanged. Bitcoin Held Its Position"

#Stablecoins #Visa

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