Visa is hunting for a new stablecoin settlement partner, demanding exchange licenses across the US, Canada, UK, and Singapore.
This follows Mastercard's acquisition of BVNK, Visa's former partner. The new partner will also settle for Open USD, a multi-stablecoin project.
Our read: The stablecoin infrastructure race is on, and it's all about regulatory reach, not just market share. Visa wants broad licensing, drastically narrowing the field. This isn't about crypto adoption; it's payments giants tightening their grip on the rails.
Is this a push for mainstream stablecoin use, or a land grab for licensed entities?
$BTC #Stablecoins
This follows Mastercard's acquisition of BVNK, Visa's former partner. The new partner will also settle for Open USD, a multi-stablecoin project.
Our read: The stablecoin infrastructure race is on, and it's all about regulatory reach, not just market share. Visa wants broad licensing, drastically narrowing the field. This isn't about crypto adoption; it's payments giants tightening their grip on the rails.
Is this a push for mainstream stablecoin use, or a land grab for licensed entities?
$BTC #Stablecoins