Visa's Chief Product and Strategy Officer, Jack Forestell, believes stablecoins must overcome three critical limitations to evolve into next-generation payment infrastructure. Firstly, scalability and speed are paramount. Stablecoins need to facilitate ultra-high-speed, large-scale transactions using flexible and open technology. Blockchain development is expected to address this challenge. Secondly, trust and stability are crucial for widespread adoption. Stablecoins must demonstrate sufficient backing by reserves within a robust institutional framework to ensure value stability. Finally, a universal interface is essential for user accessibility. Users must be able to seamlessly transact with stablecoins wherever they desire. Without this universal interface, stablecoins will struggle to achieve mainstream acceptance, according to Forestell. Addressing these limitations is vital for stablecoins to realize their potential as a viable payment solution. ```