Visa's Head of Crypto, Cuy Sheffield, recently announced the launch of Visa's Onchain Analytics Dashboard. The dashboard tracks public stablecoin data like supply, monthly active users, and transaction volume of major stablecoins across 5 L1s and 4 L2s. It shows that the adjusted onchain stablecoin volume for the past 30 days was $265 billion. Visa is looking for community feedback to make the tool better.

Visa is taking significant steps to support banks in the testing of tokenized assets and smart contracts, marking a pivotal move in its engagement with the cryptocurrency sector. The company has developed a new platform designed specifically for the development and testing of fiat-backed tokens. This initiative has already been utilized by Banco Bilbao Vizcaya Argentaria in Spain, showcasing Visa's commitment to evolving the way global banks operate within the changing financial landscape. The concept of tokenization is gaining traction, with industry leaders recognizing its potential. Larry Fink, CEO of BlackRock, a major asset management firm, has emphasized that the future of finance will involve the tokenization of financial assets. Visa's Crypto Head, Cuy Sheffield, has echoed this sentiment, highlighting the opportunities for banks to issue their own fiat-backed tokens on blockchain technology. He stressed the importance of doing this in a regulated manner to allow customers to engage with on-chain capital markets. Sheffield also pointed out that central banks are exploring the implications of tokenization, which could significantly modernize and digitize financial systems. The potential for integrating real-world assets onto blockchain platforms is vast, and with Visa's involvement, this transformation could occur more rapidly. Overall, Visa's initiatives reflect a broader trend in the financial industry towards embracing digital assets and the innovative possibilities they present.