Visa: Stablecoins need to build technology layers, reserve layers and interface layers to become the next generation of digital payment infrastructure

Odaily Planet Daily News Visa Chief Product and Strategy Officer Jack Forestell wrote an article on the official website titled "The potential genius of GENIUS", in which he pointed out that the US Senate has passed the stablecoin bill "GENIUS Act", which means that stablecoins will open up the next era of programmable digital currency opportunities, but there is still a lot of work to be done. If stablecoins want to become part of the world's next-generation digital payment infrastructure, they must build: 1. Technical layer: Able to safely and reliably execute transactions at ultra-high speeds and large scale, with zero tolerance for failures, leaks or violations; 2. Reserve layer: Trust must be established in the value and stability of the medium of exchange, and stablecoins must be regulated and supported by reserves; 3. Interface layer: Users must be provided with a simple and convenient mechanism to convert value into the legal currency of their choice.