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Visa is seeking to expand the onchain representation of all currencies, according to Cuy Sheffield. The company has announced an upcoming collaboration with Dune to analyze the current landscape of stablecoins that are not tied to the U.S. dollar.
The effort signals Visa's continued interest in blockchain innovations and digital assets beyond traditionally dominant USD-backed stablecoins.
The announcement follows Visa Crypto Labs’ recent initiative to hire engineers to build new command line commerce solutions. Earlier this year, Cuy Sheffield described agentic commerce as a key growth opportunity for the company, stating that Visa is built for this moment. The company continues to increase its focus on emerging crypto and payments infrastructure.