Visa has just connected its own settlement network with on-chain lending, and stablecoin payment business volume has surged nearly 200% year over year. The annualized settlement volume exceeds $20 billion—15 times what it was a year ago. More than 160 stablecoin card project teams are running on Visa’s network, and in June stablecoin transaction volume immediately set a new historical record at $1.79 trillion. This isn’t a test run anymore—it’s Visa moving settlement infrastructure onto the chain. When the world’s largest payments network starts using stablecoins for underlying settlement, the narrative around $BTC and the entire crypto market is quietly changing. But what’s truly worth paying attention to is that Visa has joined the OpenStandard alliance to issue its own OpenUSD, and Stripe is in it too. The strategy behind this could be much bigger than what meets the eye. After traditional finance fully embraces stablecoins, do you think the existing DeFi can still hold up?