Original sourceThe Herald BusinessAdditional: kucoin.com
Summary
Visa reported that its stablecoin card payment volume grew about 15x year over year; while still small in absolute terms, it shows stablecoins are gradually being used for everyday payments. Its settlement approach converts stablecoins to fiat within the existing card network, letting on-chain asse…
Key points
- Payment firms and card issuers can observe how stablecoins embed into existing card networks and assess regulatory prerequisites in their own markets.
- For stablecoins to scale, they must be usable seamlessly in traditional payment infrastructure, and this data shows integration is accelerating.
- Consumers can swipe directly with on-chain assets and earn rewards, while issuers and acquirers must solve fiat conversion and regulatory authorization.
Editorial note
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