Visa Hits $200M in Stablecoin Tests, Wants Clear US Rules

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Visa Hits $200 Million in Stablecoin Tests, Says Real Growth Needs US Rules

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 30, 2025

Key Takeaways

Visa has settled over $200 million using stablecoins but said the tech is still in early testing;
Most stablecoin trials focus on faster cross-border payments via Visa Direct;
Visa said stablecoin adoption depends on clearer US and global regulations.

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Visa Hits $200 Million in Stablecoin Tests, Says Real Growth Needs US Rules

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Visa has begun using stablecoins for some transactions but said the technology is still in its early days.

So far, the company has handled over $200 million in settlements using these digital tokens.

The company noted that stablecoins hold promise, but that they will not grow without clearer rules, especially in the United States.

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CEO Ryan McInerney spoke about the topic on July 29 during the company’s Q2 2025 earnings call. He said, "It's still early, but we do see real potential <...> On the one hand, $200 million is a great kind of milestone. On the other hand, it's still a relatively small portion of our overall settlement volume".

Visa has been using stablecoins mainly in cross-border transactions through its Visa Direct service. These tests are focused on speeding up international payments, which can still take days using older systems.

Another part of Visa’s work with digital money is its Tokenized Asset Platform. This platform is meant to help banks create and manage stablecoins.

The goal is to allow banks to use these digital tokens in more flexible ways, such as setting up automatic payments.

McInerney said that better guidance from regulators is key to making stablecoins more widely used. He stated:

We are optimistic about the US government passing more clear and pragmatic regulations, I think not just in the US, but hopefully other countries as well.

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