Visa to Enable Banks to Mint and Burn Stablecoins

[johnblockbuster]

In a major step toward stablecoin banking integration, Visa announced plans to let banks mint and burn their own stablecoins via its tokenized asset platform.
McInerney explained that Visa is also adding stablecoin functionality to Visa Direct, enabling faster and cheaper cross-border payments.
This move aligns with Visa’s broader goal to make stablecoins a core component of global financial infrastructure.