Visa announced the addition of support for four stablecoins, operating on four public chains, covering two fiat currencies.

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According to ChainCatcher news reported by The Block, payment giant Visa announced that it will add support for four stablecoins, which operate on four different Blockchains. CEO Ryan McInerney stated during Tuesday's fourth-quarter earnings call that the company is “increasing support for four stablecoins that operate on four unique Blockchains, covering two fiat currencies, which we can accept and convert into over 25 traditional fiat currencies.” McInerney revealed that Visa card spending related to stablecoins in the fourth quarter rose fourfold compared to the same period last year. Since 2020, Visa has facilitated over $140 billion in Crypto Assets and stablecoin flows, including over $100 billion in Crypto Assets and stablecoin purchases made using Visa credentials.

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