Visa stablecoin settlements top $200m as global adoption grows

Key Points

1. Visa's cumulative stablecoin settlement volume exceeds $200 million, with global stablecoin volume reaching $27.6 trillion in Q1 2025.

2. Visa partners with BBVA and Yellow Card Financial to expand stablecoin services in Africa and the US, including pilot programs and infrastructure development.

3. The GENIUS Act in the US provides regulatory clarity for USD-pegged stablecoins, requiring non-bank issuers to operate under Treasury oversight and banning interest-bearing coins.

4. Hong Kong introduces a new stablecoin licensing regime with strict anti-money laundering compliance, while Nigeria's SEC signals openness to stablecoin business under new regulations.

5. Sub-Saharan Africa accounts for 43% of global crypto volume, with Nigeria receiving $59 billion in stablecoin-related flows annually, prompting collaborations like Circle and Onafriq's USDC pilot.