Catenaa, Friday, August 01, 2025-Visa reported a 14% year-over-year revenue surge in fiscal Q2, totaling $10.17 billion, but acknowledged that stablecoin adoption remains modest, with only $200 million in processed settlements to date.
CEO Ryan McInerney attributed the slow uptake to regulatory uncertainty and called for clearer global frameworks to support growth.
During the earnings call, McInerney said Visa sees potential in stablecoins, especially for cross-border payments, but stressed that further scale will require “more clear and pragmatic regulations.”
The company’s stablecoin efforts include pilots in Latin America, investment in infrastructure firm BVNK, and work with Bridge, a Stripe affiliate.
Visa is also piloting stablecoin-linked cards in six Latin American countries, enabling users to transact directly from stablecoin balances. These moves aim to reduce friction in remittances and real-time settlements.
Despite the modest usage, stablecoins boast a $272 billion market cap. Analysts say payment use currently accounts for just 10-20% of stablecoin transactions, but that figure could rise to over 50% next year as regulations develop and business adoption increases.
Visa’s stock dipped 1.18% Tuesday, with after-hours trading down another 2.34%. Still, the firm is positioning itself as a long-term player in programmable finance through its Tokenized Asset Platform.
Industry leaders liken stablecoin’s current stage to early e-commerce, suggesting widespread adoption is on the horizon as legal clarity improves under new U.S. laws like the GENIUS Act.
