Visa announced the addition of support for four stablecoins, operating on four public blockchains, covering two fiat currencies

ChainCatcher news, according to The Block, payment giant Visa has announced that it will add support for four stablecoins, which operate on four different blockchains.

CEO Ryan McInerney stated during Tuesday's fourth-quarter earnings call that the company is "increasing support for four stablecoins that operate on four distinct blockchains, covering two fiat currencies, which we can accept and convert into over 25 traditional fiat currencies." McInerney revealed that Visa card spending related to stablecoins in the fourth quarter grew fourfold compared to the same period last year. Since 2020, Visa has facilitated over $140 billion in cryptocurrency and stablecoin flows, including users purchasing over $100 billion in cryptocurrency and stablecoin assets using Visa credentials.