Visa expands stablecoin settlement pilot to nine blockchains
Here's what it means for you.
Visa's expansion of its stablecoin pilot signals a significant shift towards digital currency integration in mainstream payments.
What happened
Visa's stablecoin pilot has been expanded to nine blockchains with a notable increase in transaction volume.
The Context
- Global Settlements: The pilot aims to facilitate global stablecoin settlements.
- Run Rate Growth: The annualized run rate of $7 billion represents a 50% increase from the previous quarter.
- Industry Adoption: The addition of new blockchains indicates growing interest and adoption of stablecoins in the payments industry.
Takeaway
The expansion of Visa's pilot suggests a robust future for stablecoin integration in mainstream payment systems.
This article was generated by AI from 3 verified sources and reviewed by A47 editorial systems.
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Visa Expands Stablecoin Pilot To 9 Blockchains As Usage Hits $7B Run Rate
Visa has expanded its stablecoin pilot to include nine blockchains, adding Arc, Polygon, and others, as the annualized settlement run rate reaches $7 billion, marking a 50% increase from the previous quarter. This expansion reflects Visa's commitment...
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Visa stablecoin pilot expands to nine blockchains as volume hits $7 billion
Visa has expanded its stablecoin settlement pilot to include nine blockchains, adding Base, Polygon, Canton, Arc, and Tempo, and achieving a $7 billion annualized settlement run rate, a 50% increase from the previous quarter.
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Visa says its stablecoin settlement pilot supports nine networks, including Base, Polygon, Canton Network, Arc, and Tempo, and has hit a $7B annualized run rate (Krisztian Sandor/CoinDesk)
Visa has announced that its stablecoin settlement pilot now supports nine networks, including Base, Polygon, Canton Network, Arc, and Tempo, achieving an annualized run rate of $7 billion. This expansion reflects Visa's commitment to integrating stab...