OCC's Conditional Approval Sparks Shift in Stablecoin Stocks

The recent conditional nod to World Liberty Trust Company by the OCC has brought crypto custody and tokenization into the spotlight, causing regulatory doors to open slightly but not fully. This shift affects stocks linked to stablecoins and on-chain infrastructure.

Paysafe is a global payments company that offers digital wallets and card processing services across various sectors, including e-commerce and gaming. It generates most of its revenue from Merchant Solutions and Digital Wallets, with a market cap of roughly $413 million. Paysafe's stock has a low P/S multiple and recently reported higher full-year revenue guidance for 2026.

Western Union is another global money movement company that earns most of its revenue from traditional remittances but is also exploring stablecoin-based settlement rails and positioning itself as an on-ramp and off-ramp between fiat and digital assets. The stock trades on low earnings multiples and offers a high dividend yield, although it carries substantial debt funded entirely by external borrowing.

Visa is a global payment technology company that powers credit, debit, and prepaid card transactions through its VisaNet network. It has a market cap of roughly $670.8 billion and is leaning into stablecoin flows, building out a stablecoin platform, and exploring AI-powered fraud and commerce services.