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Visa processed just $200M in stablecoin settlements this quarter
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Stablecoin use is limited compared to Visa’s $5T daily volume
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CEO sees long-term potential but wants clearer regulations
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Visa is testing stablecoin tools and working with LATAM partners
Visa Reports Limited Stablecoin Uptake So Far
Visa revealed that stablecoin settlements totaled only $200 million in its fiscal Q2, despite overall revenue reaching $10.17 billion. While the company sees potential in blockchain-based payments, CEO Ryan McInerney said current adoption remains modest and hinges on regulatory clarity.
Stablecoin transactions represent a fraction of Visa’s daily settlement volume, which exceeds $5 trillion globally.
Investments in Infrastructure and Partnerships
Visa is investing in platforms like BVNK and working with Latin America’s Bridge network to pilot stablecoin cards and real-time cross-border transfers. It’s also developing programmable finance tools using its Tokenized Asset Platform to help banks issue and manage stablecoins securely.
Regulatory Environment Seen as Key to Growth
Visa executives expressed hope for clearer legislation, referencing the recently signed GENIUS Act in the U.S. Other experts project that as regulation improves, stablecoins could account for more than half of all crypto transactions, up from 10-20% today.
While stablecoin usage remains low, many believe it resembles e-commerce in the 1990s—early in its growth cycle but poised for exponential adoption over the next decade.
