Global financial services company Visa is working on digital asset integration by looking to add support for 4 stablecoins operating on 4 cryptocurrency networks. This move was announced following the company’s fourth-quarter earnings call.
While Visa did not disclose the names of the stablecoins or networks involved, Ryan McInerney, CEO of Visa, reported that this future expansion allows the company to accept and convert these digital assets to more than 25 fiat currencies. The decision underlines the growing utility of stablecoins beyond the function of simple financial infrastructure, suggesting real and active use by consumers.
The data presented by the Visa executive reflects a notable boost in adoption. In the fourth quarter, spending on stablecoin-linked Visa cards quadrupled compared to the same period a year earlier. McInerney detailed the cumulative impact, stating that “since 2020, we have facilitated more than $140 billion in digital asset and stablecoin flows.”
This total includes Visa users who have purchased more than $100 billion in digital assets and they have spent more than $35 billion using those assets with their cards.
The CEO emphasized that the “special push” is focused on stablecoins. Currently, Visa has more than 130 card issuance programs linked to these digital currencies in more than 40 countries.
Deepening its integration with traditional finance, the Visa CEO also noted that the company has begun to allow the banks you work with to mint and burn their own stablecoins. This action consolidates Visa’s infrastructure as a payment rail that supports the issuance of these assets by regulated entities, guaranteeing their fluid circulation and settlement.
This advance in the transactional utility of digital assets is part of a broader vision of the company. As CriptoNoticias has reported, Visa already considers generating returns from digital assets in self-custody as an expanding market opportunity. This represents a step beyond spending, focusing on how users manage their holdings..