TechFlow news, October 29 — According to The Block, payments giant Visa announced it will add support for four new stablecoins operating across four different blockchains. CEO Ryan McInerney said during Tuesday's Q4 earnings call that the company is "expanding support for four stablecoins running on four distinct blockchains, covering two fiat currencies, which we can accept and convert into more than 25 traditional fiat currencies."
McInerney revealed that fourth-quarter spending on Visa cards linked to stablecoins grew fourfold compared to the same period last year. Since 2020, Visa has facilitated over $140 billion in cryptocurrency and stablecoin flows, including users purchasing more than $100 billion in crypto and stablecoin assets using Visa credentials.
