View on Stablecoins: On-Chain Insights and Payment Implications
In this engaging session from DuneCon 2024, Noah Levine, Head of Onchain Analytics at Visa, shares exclusive insights into Visa’s perspective on stablecoins and their transformative role in payments. Noah explains how Visa uses on-chain data to track stablecoin trends, their real-world use cases, and the implications for the future of finance.
Learn about Visa's innovative approach to analyzing stablecoin volumes by filtering out noise from bots and high-frequency trading, revealing that over $5 trillion in adjusted stablecoin volume has been transacted in the past year. The talk delves into how stablecoins are being used beyond speculation, with real-world applications such as remittances, FX conversions, and payroll, particularly in emerging markets like Mexico, India, and Nigeria.
Noah also highlights Visa’s active role in shaping stablecoin adoption, showcasing groundbreaking products like stablecoin settlement pilots, partnerships with wallet providers like Lemon in Argentina, and Visa's Tokenized Asset Platform (VAP), enabling banks to issue their own stablecoins.
From practical use cases to industry-wide implications, this presentation offers a comprehensive look at how stablecoins are reshaping payments and why Visa sees them as a critical bridge between traditional finance and blockchain. Don’t miss Noah’s inspiring story of starting with blockchain analytics and how tools like Dune have been pivotal in his journey. Watch now to explore the future of payments through Visa’s lens.