According to Yahoo's financial report, Visa is looking for new stable currency partners to continue the global settlement operations. Previously, its collaborator in this field, BVNK, had been acquired by its competitor MasterCard, and Visa therefore needed to re-establish the resources for cooperation in the stable currency settlement chain.
Visa Stablecoin Platform was launched last month to provide a stable currency access and management platform for financial institutions and financial technology companies. Reports indicate that Visa now wishes to introduce new partners in the stabilization platform to continue to promote the use of digital assets in cross-border and global settlements.
Co-operatives need to cover 4-ground plates.
According to the product demand document cited in the report, Visa is looking for a solvency partner and an off-site trading partner. The ideal audience needs to have a licence plate for an encrypted transaction in the United States, Canada, the United Kingdom and Singapore.
- United States
- Canada
- United Kingdom
- Singapore
All four markets belong to jurisdictions with higher requirements for encryption regulation, and few cover the four-placards at the same time. According to the report, this means that Visa values compliance coverage more than simply pursuing access speed.
Stable currency becomes the direction of the payment giant.
Competition among traditional payment companies is also accelerating as the use of stable currencies in payment and liquidation scenarios expands. Visa's renewed search for partners showed that it had not slowed down the stabilization of the currency settlement, but rather hoped to move forward with the restructuring of the partnership.
CoinGecko tracks data showing that the current stable currency market is about $28.6 billion. As the market volume expands, payment networks, banks and financial science and technology companies are accelerating cooperation and layout around a stable currency infrastructure.