Visa announced plans to support four new stablecoins across four different blockchains during its fourth-quarter earnings call on Tuesday. CEO Ryan McInerney told investors the expansion will allow the payments company to accept and convert two currencies into more than 25 traditional fiat currencies.
The company did not specify which stablecoins or blockchains will receive support. Visa currently works with Circle’s USDC and Euro Coin, along with PayPal USD and Global Dollar on Ethereum, Solana, Stellar and Avalanche networks.
McInerney reported that Visa has processed over $140 billion in crypto and stablecoin flows since 2020. More than $100 billion of that total came from users buying crypto and stablecoin assets with Visa credentials.
The company’s stablecoin business showed strong growth in the most recent quarter. Consumer spending through stablecoin-linked Visa cards increased four times compared to the fourth quarter of 2024.
Monthly transaction volume has reached a $2.5 billion annualized run rate. Visa now operates more than 130 stablecoin-linked card issuing programs in over 40 countries.
The payments giant is working to broaden stablecoin access for banks and financial institutions. In September, Visa launched a pilot program through Visa Direct that lets banks pre-fund cross-border payments using USDC and Euro Coin.
The company is now developing tools for banks to create and destroy their own stablecoins. This service runs through Visa’s tokenized asset platform.
McInerney said Visa plans to add stablecoin features to Visa Direct for cross-border money transfers. The company sees particular growth potential in moving money between countries using digital currencies.
Visa already supports several major stablecoins on multiple blockchain networks. The new additions will expand the company’s network options for processing transactions.
The company is investing in its solutions layer to offer more features to clients and partners. One key development is the ability for financial institutions to mint and burn stablecoins directly.
Visa’s pilot program for cross-border payments started in late September. Banks and financial institutions can use USDC and EURC to fund international transfers through this system.
The fourth-quarter results showed continued momentum in Visa’s crypto services. McInerney pointed to the four-fold increase in stablecoin card spending as evidence of growing adoption.
The payments company converts stablecoin transactions into traditional currencies for merchants. This service lets businesses accept digital currency payments without handling crypto directly.
Visa processes stablecoin settlements and conversions across its global network. The expansion to four new stablecoins will give users and businesses more options for digital payments.
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