Visa Sees Stablecoin Card Payments Grow Nearly 200%
Visa reported a significant increase in stablecoin-linked card payments, with business and commercial programmes making up 17% of volumes this fiscal year.
Visa Reports Stablecoin Payment Surge
Visa announced a near 200% year-on-year increase in payment volume across its stablecoin-linked card programmes. These programmes, numbering over 160, span consumer, business, and commercial activities. For the current fiscal year, business and commercial card programmes have contributed approximately 17% of Visa’s total stablecoin-linked card volume.
The financial services giant released these figures as various entities, including businesses, financial institutions, and payment providers, increasingly explore stablecoins for managing and moving funds.
Stablecoins Beyond Trading
Mark Nelsen, Visa’s Global Head of Product, Commercial & Money Movement Solutions, stated that companies seek reliable methods for money transfers, not just innovation. He noted stablecoins are gaining traction for practical business uses, such as supplier payments, treasury operations, and international commerce.
Historically, stablecoins were primarily associated with cryptocurrency trading. This shift indicates a broader acceptance in mainstream financial operations.
Market Scale and Business Categories
Research from Allium, cited by Visa, suggests payments are now the fastest-growing application for stablecoins. The annual payment volume for this use case is estimated to range between US$401 billion and US$527 billion. Within business payments, service fees represented the largest category at US$56 billion.
Payroll followed at US$43 billion, with supplier payments making up US$28 billion. Business-to-business (B2B) transactions showed the highest cross-border share, accounting for 43% of the total volume analysed.
Visa is expanding its stablecoin capabilities, including settlement, money movement, and payment acceptance through services like Visa Direct pre-funding and payouts. This expansion offers Asian businesses new avenues for more efficient cross-border transactions and treasury management.
Companies in Singapore and across Southeast Asia could see reduced friction and costs in international supplier payments and payroll, especially given the high cross-border share in B2B stablecoin flows. Observing the adoption rates in these categories will indicate future growth for digital payment solutions.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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