Can Visa’s Payments Push Offset Bank-Rate Pressure on USDC?
Key Highlights: Rising bank deposit yields are posing competition for non-yield-bearing stablecoins, particularly impacting USD Coin (USDC) due to its strong ties to United States institutions. Visa is expanding its stablecoin settlement rails via Visa Direct, enabling USDC-funded cross-border payouts across more than 180 countries in partnership with Inyo Global. Visa’s dollar-pegged stablecoin settlement volume ...
