Visa's stablecoin settlement volume annualized run rate hits $25 billion, up 10x year-over-year

Visa's stablecoin settlement volume annualized run rate reached $25 billion, roughly 10 times its level a year earlier, as stated by CEO Ryan McInerney on an analysts' call. The network now settles in five stablecoins -- USD Coin (USDC), PayPal USD (PYUSD), Global Dollar (USDG), Circle's Euro Coin (EURC), and Brale's SBC -- across 10 blockchains, more than double the count a year ago. Visa counts over 225 stablecoin-linked card programs, up over 70% year-on-year, with spending on roughly 5 million of those cards growing more than 150% across over 50 countries.