Visa is accelerating the connection between traditional finance and digital assets as stablecoins become increasingly popular. At the Singapore FinTech Festival, Cuy Sheffield – Visa's Director of Cryptocurrency – shared that the company is leveraging its 60 years of payment experience to expand into stablecoin payments and blockchain infrastructure. Thanks to a clearer regulatory framework in America, many fintechs, neobanks, and even traditional banks have started to integrate stablecoins and implement real-world trials.
Visa focuses on stablecoin-linked cards, allowing users to spend at 150 million acceptance points without requiring merchants to change their systems. The company also supports banks in issuing stablecoins, managing custody, and selecting the appropriate blockchain.
Visa believes that stablecoins will expand the digital payment market, especially in emerging markets. In the future, fiat and stablecoins will go hand in hand, making global money transfers more seamless and efficient.
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