Visa Sees 17% of Stablecoin Card Volume Coming from Business Programs

Visa, the well-established payment processing company, reported that business programs are driving around 17% of the volume on its stablecoin-linked cards. This finding comes from the company's fiscal second quarter, which saw a significant increase in payment volume across these cards. The volume grew nearly 200% year over year during this period.

This growth suggests that businesses are increasingly using stablecoins for their payment needs. Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a fiat currency or other asset. They are gaining popularity as a low-risk and efficient payment method.

Visa's stablecoin-linked cards offer a convenient way for businesses to make payments, and the growing adoption of these cards indicates that the use of stablecoins in business transactions is on the rise.