Visa processed US$3.7 billion through stablecoin-linked cards across more than 200 markets over the past year.
The volume came from 1.9 million stablecoin-denominated cards, with the strongest growth recorded in Colombia, Argentina and Brazil.
Visa has also settled nearly US$800 million in assets such as USDC since introducing the capability in 2023. Monthly activity has since passed a US$2.5 billion annualised run rate.
The service allows issuers and acquirers to transfer funds seven days a week, helping reduce collateral needs and improve access to liquidity.
Visa Expands Stablecoin Use in Cross-Border Payments
Visa has also introduced stablecoin prefunding for Visa Direct, allowing businesses to fund cross-border payouts around the clock.
A separate pilot launched in November enables payments to be sent directly to digital wallets, giving creators and gig workers faster access to their earnings.
Visa sees the technology gaining traction in cross-border money movement and as a dollar-denominated store of value, particularly where banking access is limited or transfer costs remain high.
The company is also working with financial institutions to identify and adopt related services as the market moves beyond early-stage use.
Featured image: Edited by Fintech News Singapore, based on image by rawpixel.com and Dang Pham via Magnific
