07:32
Visa Reports $200 Million in Stablecoin Settlements, but Share Remains Small; Urges Faster Regulatory Implementation in the US
According to ChainCatcher, citing a report from Decrypt, global payments giant Visa revealed during its Q2 FY2025 earnings call that the company has processed over $200 million in stablecoin settlement transactions to date. However, CEO Ryan McInerney emphasized that this volume still represents a small portion of Visa’s overall business. The financial report shows that Visa’s revenue for the quarter reached $10.17 billion (up 14% year-over-year), with net income of $5.83 billion. On the day of the report, Visa’s stock closed down 1.18% at $351.29. McInerney noted that Visa is building its stablecoin ecosystem through initiatives such as investing in London-based stablecoin infrastructure company BVNK, partnering with Stripe’s Bridge to expand into the Latin American market, and developing programmable financial tools. However, he also stated that global stablecoin adoption remains constrained by regulatory uncertainty, urging the U.S. government to introduce “clearer and more pragmatic” regulations. Industry data shows that the current stablecoin market capitalization has surpassed $272 billion, but only 10-20% of transaction volume involves real-world payment scenarios.
07:32
Trader Eugene: This "altcoin season" may be the weakest in history, suggesting continued focus on ETH investment
According to ChainCatcher, crypto trader Eugene stated in his personal TG channel that he has exited most of his long positions and is maintaining a defensive stance. He noted that August has historically been a difficult month to predict, and this year’s market is unlikely to be smooth sailing. Additionally, he mentioned that this “altcoin season” may be the weakest in history. Although ETH prices have risen, there has not been a significant wealth effect. This suggests that institutional investors are the main buying force, and capital has not flowed back into the altcoin market. Therefore, he recommends continuing to focus on ETH investments.
07:12
Visa Says Stablecoin Adoption Is in Its Infancy and Expresses Optimism About Regulatory Frameworks
Foresight News – According to Decrypto, Visa’s financial report for the second quarter of fiscal year 2025 shows that, to date, the total settlement amount using stablecoins is only $200 million, accounting for a very small proportion of overall settlement volume, emphasizing that this technology is still in its “infancy.” In addition, Visa CEO McInerney stated, “We are optimistic that the U.S. government will introduce clearer and more pragmatic regulatory guidelines. I believe not only the U.S., but hope other countries will do the same.” Recently, Visa acquired London-based stablecoin infrastructure company BVNK and partnered with Stripe’s Bridge to pilot stablecoin payment services in Latin America, covering six countries including Argentina and Mexico. Currently, Visa is advancing the use of programmable financial tools such as the Visa Tokenized Asset Platform and the real-time cross-border transfer system Visa Direct.