Visa Views Stablecoins as an Opportunity Amid Rising Popularity

According to PANews, Visa's head of crypto, Cuy Sheffield, expressed confidence that the rise of stablecoins does not pose a threat to traditional payment companies. Despite stablecoins offering consumers a new payment method without credit cards, Visa sees their emergence as an opportunity. Sheffield noted that stablecoins do not address many retail payment issues, as data indicates that most stablecoin transactions involve high-value transfers rather than retail transactions. He added that the primary opportunity for stablecoins lies outside the United States, particularly in emerging markets with a demand for the U.S. dollar but limited access to it.