Visa Expands Stablecoin Settlement Pilot to Nine Blockchains
- Settlement Capability Expansion: Visa is expanding its stablecoin settlement pilot to nine blockchains, adding Arc, Base, Canton, Polygon, and Tempo, which demonstrates its ongoing enhancement of multi-chain settlement capabilities and is expected to further strengthen its market competitiveness.
- Transaction Volume Growth: The program has reached a $7 billion annualized stablecoin settlement run rate, up 50% since last quarter, indicating a rapidly growing market demand for Visa's stablecoin solutions, which may attract more partners to participate.
- Partner Flexibility: Rubail Birwadker, Visa's global head of growth products and strategic partnerships, stated that expanding to more blockchains allows partners to choose networks that best fit their needs while relying on Visa's common settlement layer, enhancing its market appeal.
- Positive Stock Reaction: During Wednesday's trading, Visa's stock rose 9.21% to $337.78, reflecting the market's positive response to its stablecoin settlement expansion plan, which could further boost investor confidence and company valuation.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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