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Visa's Stablecoin Pilot Reaches $7B, Expands to 9 Blockchains
Description
Visas stablecoin pilot, now live on nine blockchains, has reached a seven billion dollar run rate, with partners swapping bank wires for stablecoins to expedite cross-border payments. Mastercard and Modern Treasury are also joining the stablecoin race, while regulatory shifts, like the GENIUS Act, are driving the competition. Stablecoin circulation has surged by nearly one hundred fifty percent since early twenty twenty-four, indicating a rapidly growing onchain payments market.
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