Visa supports the GENIUS Act despite the stock drop, the CEO said, "global opportunities are opening up."
Visa has long been prepared for stablecoins.
Although Visa's stock fell after the U.S. Senate passed the GENIUS Act, CEO Ryan McInerney affirmed that the company fully welcomes the new regulations.
On CNBC's Squawk on the Street program, he shared that Visa has developed infrastructure for stablecoins for many years, and this legislation will help bring legal clarity to the industry.
"We have integrated stablecoins into the Visa system and are expanding applications on a global scale," McInerney said.
Not worried about being replaced, Visa is confident in its global scale.
In response to concerns that large corporations like Amazon or Walmart could issue their own stablecoins and threaten the traditional payment system, McInerney countered:
"Visa stands out for its reliability, ease of use, and scalability. With 5 billion Visa cards, 14 billion tokens, and 150 million businesses using it, we have a platform that few can match."
The real opportunity lies outside the United States.
Visa's CEO believes that the greatest potential of stablecoins lies in countries with currency shortages, where users can spend through the Visa network using stablecoins.
He also emphasized the long-term partnership with Circle, the company behind USDC, and revealed that they will continue to expand collaboration in this area.
For Visa, domestic challenges are not as important as penetrating markets that have yet to embrace modern financial technology.
