Visa's Stablecoin Settlement: A Potential Game-Changer for the Blue-Chip Stock
TL;DR
Visa has introduced USDC stablecoin settlement for US banks and fintechs, aiming to transform global money movement with a $3.5 billion annualized run rate. The company's core business remains robust, with growth in payment and cross-border volumes.
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Visa has launched a USDC stablecoin settlement for US banks and fintechs, marking a significant shift in the global financial system. The move aims to reshape how money moves through the system and has already reached a $3.5 billion annualized run rate. Visa's core business remains strong, with payment volumes growing 8% in the US and cross-border volumes increasing 11% in Q4. The company's management believes merchants will prioritize network reliability, security, and customer experience over cost considerations.
