Investment bank William Blair: stablecoins will become a catalyst for Visa's structural rise.

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According to Mars Finance, analysts from investment bank William Blair suggest that Visa's underperforming stock this year may soon see a turnaround, with stablecoins becoming a significant favorable factor for the payment giant and acting as a catalyst for Visa's structural growth. In a company earnings call on Tuesday, Visa CEO Ryan McInerney confirmed the company's plan to support four types of stablecoins, which are spread across four different blockchains. Visa will accept these stablecoins and convert them into over 25 traditional fiat currencies. McInerney also noted that compared to the same period last year, quarterly spending on Visa cards linked to stablecoins has quadrupled, and since 2020, Visa has facilitated over $140 billion in crypto assets and stablecoin transactions.

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