Visa Stablecoin settlement up 4x to $1bn run rate since the year started.
Great growth rate. How far can it go?
Visa 2024 settled $15.7trn
So there's a long way to go before stables are more than a rounding error.
If it grows at this rate for 5 years it would hit a trillion.
Interesting excerpt from the GS conference: Visa stablecoin settlement volumes now up to ~$1b run-rate, up 4x from earlier this year
Direct stablecoin settlement lets Visa's partners bypass traditional bank/fiat rails for instant 24/7 settlement on the network. I.e. issuers like @raincards can now settle direct w/ Visa over the weekend without a bank
Visa currently accepting 4 different stablecoins (USDC, EURC, PYUSD, USDG) across 4 different blockchains
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