Stablecoin Shift: Regulatory Doors Ajar for Crypto-Linked Stocks

The OCC's conditional nod to World Liberty Trust Company has brought attention to companies involved in stablecoin and on-chain infrastructure. This shift is seen as a significant development, with regulatory doors not being wide open but also not closed.

Paysafe, a global payments company, sits at an interesting spot for this theme. Its digital wallets, white label wallet offerings, and pay-in and pay-out tools provide the plumbing that crypto platforms and stablecoin issuers need, although crypto-related revenue has historically been a small slice of its business.

Western Union, a long-established global money movement company, is also being watched. While it still earns most of its money from traditional remittances, management is piloting stablecoin-based settlement rails and positioning the network as an on-ramp and off-ramp between fiat and digital assets.

Visa, with a market cap of roughly $670.8 billion, sits at a crossroads between traditional card payments and on-chain money movement. The company is settling stablecoin flows, building out a stablecoin platform, and leaning into AI-powered fraud, cross-border, and agentic commerce services.