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 ...
Key Highlights Visa Direct has rolled out fiat-to-stablecoin cross-border payment capabilities, partnering with Inyo Global to enable services across more than 180 countries. The integration provides real-time, 24/7 settlements with dollar-pegged assets, allowing institutions, fintechs, and money transmitters to bypass traditional banking hours. Visa’s stablecoin settlement volume recently hit a $20 billion annualized run rate, ...
Key Highlights: Payment volume across more than 160 Visa stablecoin-linked card programs surged nearly 200% year-over-year, pushing Visa’s annualized settlement run rate above $20 billion. Business and commercial card programs now represent approximately 17% of Visa’s stablecoin-linked card volume fiscal year-to-date. Broader commercial stablecoin payments reached between $401 billion and $527 billion in the first ...