Visa Expands Stablecoin Payment Options Across Multiple Blockchains

According to BlockBeats, Visa is set to accept payments in four different stablecoins across four separate blockchains. These stablecoins can be exchanged for two target fiat currencies and subsequently converted into more than 25 traditional fiat currencies. Visa CEO McInerney disclosed that Visa card spending related to stablecoins in the fourth quarter has increased fourfold compared to the same period last year. Since 2020, Visa has facilitated over $140 billion in cryptocurrency and stablecoin transactions, including more than $100 billion in crypto and stablecoin asset purchases using Visa credentials.