Cuy Sheffield: Visa CEO discusses updates on stablecoin business strategy

Cuy Sheffield: Visa CEO discusses updates on stablecoin business strategy
Visa CEO discusses stablecoin business updates

Visa CEO Ryan McInerney shared updates on the company’s stablecoin business strategy during an earnings call. Cuy Sheffield, vice president and global head of crypto at Visa, highlighted the timing as exciting for this segment.

Earlier this year, Visa Direct stablecoin pre-funding launched with Inyo Global named as the first enabler, according to Cuy Sheffield. In May, Meshpay became the first stablecoin partner to integrate Visa Pay, enabling direct stablecoin payments at Visa merchants. These milestones mark recent steps in Visa’s push into stablecoin-supported services.

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