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Visa Records US$3.7 Billion in Stablecoin Card Volume Across 200 Markets
['Fintech News Singapore']
Fintech Singapore
Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxVisa processed US$3.7 billion through stablecoin-linked cards across more than 200 markets over the past year.
The volume came from 1.9 million stablecoin-denominated cards, with the strongest growth recorded in Colombia, Argentina and Brazil.
Visa has also settled nearly US$800 million in assets such as USDC since introducing the capability in 2023.
Visa Expands Stablecoin Use in Cross-Border PaymentsVisa has also introduced stablecoin prefunding for Visa Direct, allowing businesses to fund cross-border payouts around the clock.
Featured image: Edited by Fintech News Singapore, based on image by rawpixel.com and Dang Pham via Magnific