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This seems siginificant.
Visa’s stablecoin settlement activity is now running at a $4.5B/yr. Demand driven by card programs via neobank platforms that use stablecoins for settlement.
Gemini, Crypto com, EtherFi and a ton of others likely.
Visa does $14.2T/yr so its peanuts still but the growth is enough for them to double down on this line of business and expand into more chains and currencies.
To me, this gives the "green light" of sorts to pretty much any other payment processor to get into this business.
Stablecoin supercyle continues, we are expecting a 50-60% YoY growth for supply in 2026.