Visa's Head of Crypto Cuy Sheffield stated that Visa is integrating stablecoins into its payment system, despite the fact that the annualized settlement volume of stablecoins has reached $4.5 billion, mainstream merchant acceptance remains limited. Visa has launched several stablecoin-related projects, including plans to allow U.S. banks to settle transactions using Circle's USDC with Visa.
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Visa's Head of Crypto Cuy Sheffield stated that Visa is integrating stablecoins into its payment system, despite the fact that the annualized settlement volume of stablecoins has reached $4.5 billion, mainstream merchant acceptance remains limited. Visa has launched several stablecoin-related projects, including plans to allow U.S. banks to settle transactions using Circle's USDC with Visa.