Happy Monday, Blockfolians!
It’s been a big year for stablecoins. You’ve got Tether settling with the New York Attorney General, putting a lid on one of the most persistent FUDs in crypto history. You’ve got discussions of central bank digital currencies around the globe.
And as of today, you have one of the world’s most important financial companies - Visa - accepting the fast growing USDC stablecoin as a native currency and final settlement mechanism.
In other words, for the first time, Visa will be accepting USDC as payment - not requiring it to be converted into fiat first. The program is initially limited to a pilot with Crypto.com but should be rolling out more broadly later this year.
Just another step on the path to mass adoption.
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