In 2024, Visa, a leading player in the global payments sector, reported a total payments volume of $13.2 trillion, as detailed in the company's end-of-year fiscal report. This figure represents an increase of nearly 8% compared to the previous year.
In contrast, stablecoins, which are cryptocurrencies pegged to fiat currencies, achieved a remarkable volume exceeding $27 trillion, surpassing the combined totals of both Visa and American Express. Recognizing the growing influence of stablecoins, Visa is now eager to explore opportunities within this burgeoning market.