The CEO of Visa has expressed confidence in the potential of stablecoins, asserting that they represent the future of digital finance rather than posing any threat to traditional banking systems. He believes that stablecoins, which are cryptocurrencies designed to maintain a stable value by being pegged to traditional currencies or assets, can play a crucial role in enhancing the efficiency and accessibility of payment solutions globally. By embracing these digital assets, Visa aims to facilitate smoother transactions and leverage innovation in the financial sector, suggesting a shift towards a more integrated and collaborative approach with emerging financial technologies.
source: https://voiceofcrypto.online/ampstories/web-stories/visa-ceo-says-stablecoins-are-the-futurenot-a-threat