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Stablecoin settlement volume has crossed an annualized $25 billion milestone. Cuy Sheffield, vice president and global head of crypto at Visa, described this progress but noted that it still feels like early days for the sector.
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Visa recently launched stablecoin pre-funding through its Visa Direct platform, with Inyo Global as the first enabler, according to Cuy Sheffield. Earlier, Sheffield reported that Visa CEO Ryan McInerney had shared updates on the company's stablecoin business strategy. These steps show Visa’s ongoing engagement with stablecoin-based settlement solutions.