Visa to start supporting stablecoins on four blockchains

Visa CEO Ryan McInerney said the payments giant is adding support for four new stablecoins on four blockchains, and will allow banks to mint and burn.

Global payments giant Visa is set to roll out support for four stablecoins across four “unique blockchains,” as the firm pushes to ramp up its crypto services.

Visa CEO Ryan McInerney told investors on the company’s fourth-quarter and year-end earnings call on Tuesday that the firm will continue expanding its stablecoin offerings amid strong growth over the last financial year.

McInerney did not share details on the stablecoins and networks Visa will support, but the move will bolster the company’s supported list of networks and stablecoins.

Read more