Visa Settles $200M in Stablecoins, Ceo Ryan McInerney Reacts

Visa, one of the most prominent card payment organizations, has recently reported that it has crossed the milestone of $200 million in cumulative stablecoins settlement volume, highlighting its broadening integration of blockchain-based digital assets into payment infrastructure.

Despite this achievement in stablecoins, the Chief Executive Officer of Visa, Ryan McInerney, said this small fraction of the company’s overall settlement volume.

In simple words, stablecoins are a type of cryptocurrency or blockchain-based product designed to maintain stability. There are several types of stablecoins, but fiat-pegged stablecoin are one of the most popular

Ryan further emphasized that stablecoins are still an emerging technology and require more regulatory clarity to meet their full potential. Visa’s leadership stressed the importance of a clear set of rules and regulations. Likewise, the U.S GENIUS Act was passed recently, which mandates 1:1 reserve backing for stablecoins

In 2024, the stablecoins processed $27.6 trillion in transaction volume last year, which is bigger than the combined of Visa and MasterCard, indicating the skyrocketing demand and relevance of stablecoins

Visa is expanding its dominance in stablecoins

The massive $200 million volume in stablecoins demonstrates Visa’s efforts to incorporate blockchain technology, particularly through its Visa Tokenized Assets Platform (VTAP), which opens a path for banks to mint and manage fiat-pegged stablecoins

Visa has also invested in a stablecoin infrastructure provider, such as BVNK, which processes $12 billion in stablecoin transactions annually and partnered with Yellow Card Financial to expand stablecoin payments in Africa by 2026.

Stablecoins are increasingly central to decentralized finance trading and institutional settlement, with 90% of crypto trades involving stablecoins. Despite growth concerns about stablecoin reserve transparency and vulnerability to cyber threats or market shocks, persist

How big is the stablecoin market now?

According to the data from CoinMarketCap, the stablecoin is worth $274.134 billion with an increase of 8% in the past 60 days. Yet in terms of market cap, Tether is the topper with $163 billion, followed by USDC with a cap of $63 billion.

However, in terms of volume, USDT stands at the top, followed by DAI with 22.56 billion volume DAI and USDC’s intraday volume is 13.05 billion

In terms of price, Quorium is one of the most costly stablecoins, trading at $3,330.18, followed by Amnis Coin priced at $4.44, Reflexer Ungovernance token trading at $2.92, and Edelcoin is trading at $2.85.

Over the last few quarters, the usage of stablecoins has reached a peak never before, and as per experts, in the near future, stablecoins are eyeing a spot of over $1 trillion in market capitalization.

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