Visa Expands Stablecoin Payment Options to Multiple Blockchains

Visa is expanding its reach into the world of stablecoins, with plans to offer payments in four different stablecoins across multiple blockchains. These stablecoins can be exchanged for two target fiat currencies and subsequently converted into over 25 traditional fiat currencies. Visa CEO Michael McInerney revealed that spending related to stablecoin transactions through Visa cards jumped fourfold in the fourth quarter compared to the same period last year, highlighting the growing adoption of this technology.