Visa plans to support four stablecoins on four unique blockchains to expand its crypto services, according to CEO Ryan McInerney. The move will increase the company’s stablecoin offerings, with $140 billion in crypto and stablecoin flows since 2020. Global consumer spending with Visa’s stablecoin-linked card services quadrupled in Q4. Next steps include broadening stablecoin offerings for banks and facilitating cross-border transactions. Visa previously launched a Visa Direct pilot program for cross-border payments using USDC and EURC. The company is investing in solutions to offer more features, such as minting and burning stablecoins, to enhance cross-border money movement.

Read more at Cointelegraph: Visa To Support Four Stablecoins on Four Blockchains