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Visa CEO Backs GENIUS Act, Sees Stablecoins as Global Opportunity
- Visa CEO supports the GENIUS Act for providing regulatory clarity to unlock innovation in the payments industry.
- Visa has been utilizing stablecoin infrastructure and is exploring new global use cases.
- Visa sees stablecoin issuers as collaborators, not competitors, due to its vast global network and trust.
- The company emphasizes its extensive card network and existing use of digital dollars.
- Visa has a partnership with Circle, the issuer of USDC, and plans to further integrate regulated stablecoin payments.
- Visa's CEO believes stablecoins have transformative potential in emerging markets for financial inclusion and accessibility.
- Stablecoins can address currency shortages and high inflation in regions where traditional systems are lacking.
- Despite market fluctuations, Visa is committed to integrating regulated digital assets into its services.
- Visa aims to bridge traditional finance with the stablecoin ecosystem to enhance its global position.
- Overall, Visa views stablecoins as an opportunity for growth and financial inclusion.
- The CEO highlighted that stablecoins provide an opportunity in geographies where traditional systems have limitations.
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