Global payments leader Visa plans to introduce support for four stablecoins across four distinct blockchains, marking a significant expansion of its crypto payment infrastructure.
Speaking during the company’s fourth-quarter and year-end earnings call on Tuesday, CEO Ryan McInerney said Visa will continue broadening its stablecoin initiatives following a year of strong growth in its digital asset services.
“We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies.”
McInerney did not disclose which stablecoins or blockchains Visa plans to add, but the expansion will further extend the company’s roster of supported digital assets and networks.
Visa already supports Circle’s USDC and Euro Coin (EURC), as well as PayPal USD (PYUSD) and Global Dollar (USDG), across the Ethereum, Solana, Stellar, and Avalanche blockchains.
The CEO highlighted growing traction in the space, noting that Visa has facilitated over $140 billion in crypto and stablecoin transactions since 2020 and is seeing “particular momentum with stablecoins.”
He added that global consumer spending via Visa’s stablecoin-linked cards surged fourfold in the most recent quarter compared to the same period last year. “We’ve expanded the number of stablecoins and blockchains available for settlement,” McInerney said, adding that monthly transaction volume has now reached an annualized run rate of $2.5 billion.
Visa deepens its push into stablecoin banking
McInerney said Visa’s next phase of growth will center on expanding stablecoin services for banks and traditional financial institutions, with a particular focus on cross-border payments—adding that “there is much more to come in this space.”
The initiative began in late September through a Visa Direct pilot program, which allowed banks and financial institutions to pre-fund cross-border transactions using USDC and EURC.
Looking ahead, McInerney said Visa plans to enhance and invest further in its solutions layer, enabling new capabilities for clients and partners. One example, he noted, is offering features such as the minting and burning of stablecoins, expanding Visa’s role in the stablecoin ecosystem.
“We are starting to enable banks to mint and burn their own stablecoins with the Visa tokenized asset platform, and we are adding stablecoin capabilities to enhance cross-border money movement with Visa Direct.”
