Visa unveils stablecoin-focused advisory group to guide banks and fintechs on digital assets

Visa has established the Stablecoins Advisory Practice, operating under Visa Consulting & Analytics, to assist banks, fintechs, merchants, and businesses in evaluating market fit, developing strategies, and implementing stablecoin solutions. This service aims to offer insights on how stablecoins can improve payment speed, lower costs, and create new growth avenues, building on existing engagements with institutions like Navy Federal Credit Union. This initiative aligns with the growing stablecoin market, which exceeds $250 billion, and Visa's existing involvement, which includes over 130 stablecoin-linked card programs and a $3.5 billion annualized stablecoin settlement volume as of November 30. Visa continues to bridge traditional payments and blockchain through various efforts, including its participation in the Paxos-led USDG consortium.

(Source：Crypto Briefing)