Wild stat: Visa CEO says Consumer spending on stablecoin-linked cards up 4x over the quarter. Visa also now supports 4 stablecoins on 4x blockchains. As part of a strong earnings season, they shared more details on their current stablecoin initiatives. 👇

The Current Stack: - USDC, EURC, PYUSD, USDG live now - Ethereum, Solana, Stellar, Avalanche operational - Converting to 25+ fiat currencies - $2.5B annualized monthly volume (That's 0.02% of total Visa volume) But pay attention to the growth rate. Up 4x in a quarter. A quarter!

Stablecoin volume is nice. But the real real prize is instant settlement Banks are pre-funding cross-border payments using USDC and EURC. As settlement infrastructure. Visa is building the rails for banks to clear international payments in stablecoins, then instantly convert to local currency.

The Three-Product Play: Product 21 - Consumer Rails - Cards linked directly to stablecoin balances. - Spend crypto, merchant gets fiat. - 4x growth quarter-over-quarter. Product 2 - Settlement Infrastructure Banks clear payments in stablecoins instead of correspondent banking. Product 3 - Stablecoin Utilities Visa will mint and burn stablecoins for clients.

Consumer spending just went 4x in three months. A restaurant in Thailand gets paid in baht. Customer in New York spends USDC. Visa handles the conversion. That's a revenue model if ever I saw one