Investment Bank Says Visa (V) Is Becoming the ‘Stablecoin of Stablecoins’

Japanese investment bank Mizuho has labeled Visa as the “stablecoin of stablecoins,” asserting that the payments giant is becoming critical infrastructure for global stablecoin networks. This assessment stems from Visa's growing network of stablecoin-linked card programs, which span over 130 initiatives in more than 40 countries and have seen spending increase fourfold year-on-year. Analysts Dan Dolev and Alexander Jenkins suggest Visa stands to benefit significantly from stablecoin adoption, bolstered by initiatives like Visa Direct. Mizuho believes that as stablecoins like USDT and USDC become commoditized, centralized hubs like Visa, which supports multiple stablecoins and allows banks to mint their own, will capture the most value as the ultimate “network of networks.” Conversely, Mizuho maintains an underperform rating on Circle (CRCL), the issuer of USDC, viewing it as overvalued.

(Source：CoinDesk)