Visa Crypto Assets business leader: The rise of stablecoins is an opportunity, not a threat.

Golden Finance reported that Cuy Sheffield, head of Visa’s Crypto Assets business, said he is not concerned that the rise of stablecoins may pose risks to traditional payment companies. Even though stablecoins provide consumers with a new payment method that does not require credit cards, this payment giant sees the rise of stablecoins as an opportunity. Cuy Sheffield pointed out that stablecoins do not solve many issues in retail payments, as data shows that most of the volume of stablecoin transactions comes from high-value transfers rather than retail transactions. He added that the opportunities for stablecoins mainly lie in economies centered on emerging markets outside the United States, where there is demand for the dollar but limited access to it.