Visa Enhances Payment Network Across Multiple Blockchains, Supporting Four Types of Stablecoins

Visa, a major payment provider, has revealed plans to expand its support for multiple stablecoins. CEO Ryan McInerney announced this during the Q4 earnings call on the 28th. The company has set up a system to support four types of stablecoins operating on four different blockchains, enabling conversions between the US dollar and Euro into over 25 fiat currencies. According to reports from international media, McInerney highlighted that expenditures on stablecoin-linked Visa cards in the fourth quarter increased fourfold compared to the same period last year. Since 2020, the company has been actively involved in cryptocurrency and stablecoin-related transactions amounting to $140 billion...