Visa Expands Stablecoin Program: Four New Blockchains & $2.5B Run Rate

Visa is deepening its involvement in the stablecoin space by adding support for four new stablecoins on four different blockchains, further boosting its global payment infrastructure. The move comes as Visa reports a 400% increase in stablecoin-linked card spending during Q4 and signifies a growing trend of utilizing these digital assets for everyday transactions and cross-border payments. Visa’s recent expansion will allow banks to mint and burn their own stablecoins, expanding the utility of this technology.