Japanese investment bank Mizuho has described Visa (V) as the “stablecoin of stablecoins,” emphasizing its growing dominance in the blockchain payment ecosystem. According to the report, Visa’s extensive stablecoin-linked card network, which now includes over 130 programs across more than 40 countries, has seen spending surge fourfold year-over-year. This expansion positions Visa as a critical infrastructure player bridging traditional finance and digital assets, while individual stablecoins risk becoming commoditized payment tokens within Visa’s powerful network.

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