Payment giant Visa is launching a “Stablecoins Advisory Practice,” a new offering inside Visa Consulting & Analytics designed to advise banks, fintechs, and merchants on whether and how to use stablecoins, according to a statement.
Visa Expands Crypto Push with New Stablecoin Advisory Unit
The move comes as stablecoins push further into mainstream payments.
Stablecoins first surpassed Visa as the world’s largest payment system in early 2024, topping about $1.4tn in monthly transaction volume, and have since reached $29tn in transaction volume year-to-date as of 30 Nov, according to Artemis Analytics.
Stablecoins now exceed $300bn in market capitalization, according to CoinMarketCap. That of Visa, meanwhile, is far higher at roughly $670bn, while rival Mastercard’s currently stands at about $517bn.
What the advisory plans to offer
Visa said the practice will provide stablecoin training and market-trend programmes, strategy development and market-entry planning, use-case sizing and go-to-market planning, as well as “technology enablement” for stablecoin integration.
Carl Rutstein, head of Visa Consulting & Analytics, said the work is driven by client demand, telling Fortune: “Helping our clients grow is frankly the reason we exist in stablecoin.”
Why Visa is moving now
Visa is positioning stablecoins as another settlement rail, rather than a direct rival to traditional card payments.
The company noted that it piloted stablecoin settlement using USDC in 2023 and says that it now supports more than 130 stablecoin-linked card programs across over 40 countries.
It added that Visa Direct pilots – the firm’s real-time payments platform – will enable qualified businesses in certain jurisdictions to pre-fund cross-border payments with stablecoins and send payouts to stablecoin wallets, signaling a shift from trials to practical use cases.