#稳定币监管与发展 Visa's pilot program is undoubtedly an important milestone for the application of stablecoins in the payment sector. By allowing businesses to pay directly in USDC, it not only enhances the efficiency of cross-border transactions but also provides creators and freelancers with more flexible payment options. From an on-chain data perspective, this could lead to an increase in the circulating supply of USDC and more frequent on-chain interactions.

However, we also need to pay attention to several key points:
1. Regulatory Compliance: As a traditional financial giant, Visa's participation may bring more regulatory recognition to stablecoins.
2. User Adoption: Actual usage will determine whether this model can be widely promoted.
3. on-chain behavior changes: It is necessary to track the flow of USDC in the relevant payment channels.

Overall, this is a positive signal of the combination of traditional payments and cryptocurrencies, but its long-term impact remains to be seen. Next, I will closely monitor the changes in the relevant on-chain data to assess the actual impact of this plan on the stablecoin ecosystem.