Visa Increases Support for Stablecoins as Digital Dollar Transactions Reach $140 Billion

Visa's Expansion into Stablecoins: Visa announced plans to support four new stablecoins across different blockchains, reflecting a significant increase in stablecoin-linked card spending, which has quadrupled over the past year.

Transaction Volume and Market Growth: Stablecoins processed $46 trillion in transactions last year, significantly surpassing Visa's own transaction volume, indicating a major shift in global payment methods.

Focus on Emerging Markets: Visa's strategy targets emerging markets and cross-border payments, aiming to modernize treasury operations and facilitate faster transactions through stablecoin integration.

Future Developments with VTAP: Visa plans to enable banks to mint and burn their own stablecoins using the Visa Tokenized Asset Platform (VTAP), which is expected to support live programs in 2025, enhancing banks' capabilities in the digital asset space.