Visa's Stablecoin Settlement Volume Surpasses $20B Annualized Rate; Circle Acquires Tazapay

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Visa's Stablecoin Settlement Volume Surpasses $20B Annualized Rate; Circle Acquires Tazapay

⚡ Markets: Bullish for the stablecoin ecosystem, particularly USDC, and validates the use case for blockchain-based payments. Positive for Circle's valuation and related assets.USDCBTCETHV

Visa announced its stablecoin settlement volume has grown over 15x year-over-year to a $20 billion annualized run rate, and it is expanding data services for blockchain lenders. Concurrently, USDC issuer Circle is acquiring cross-border payments firm Tazapay to expand its global reach.

West MSM: noneFinancial press 41 country

4 sources across the spectrum

Financial pressCointelegraph — Circle to acquire Tazapay to expand USDC cross-border payments

Financial pressCNBC — Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges

Financial pressThe Block — Visa stablecoin settlement tops $20 billion annualized run rate, up more than 15x year over year

Financial pressThe Block — From Issuer to Infrastructure: Circle and the Economics of the Digital Dollar

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