Visa Doesn’t Fear Stablecoins: CEO Says Company Will ‘Provide Trust, Standards, Connectivity.. And Interoperability’ To The Digital Asset Ecosystem
Payments company, Visa Inc. (NYSE:V), isn’t bracing for disruption from stablecoins, but is preparing to power them, positioning itself as a core infrastructure provider for the evolving digital asset ecosystem.
Check out the current price of V stock here.
What Happened: During its third-quarter earnings call on Tuesday, Visa’s CEO, Ryan McInerney, said, “We are supportive of the Genius Act,” referring to the recent landmark legislation to regulate stablecoins, which was signed into law by President Donald Trump two weeks ago.
McInerney says that “it marks a key milestone on the path to regulatory clarity for stablecoins,” while adding that Visa has been active in this space for nearly a decade, and that he believes stablecoins have several use cases and can solve important payment problems.
See Also: How Trump’s GENIUS Act Could Supercharge Tether’s USDT?
Visa isn’t limiting its involvement to experimentation. …
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