Payment giant Visa launches stablecoin advisory service

PANews reported on December 15th that, according to Fortune magazine, payments giant Visa announced on Monday the launch of a stablecoin advisory service designed to help fintech companies, banks, and other businesses develop and implement stablecoin strategies. Visa's stablecoin advisory service has dozens of clients, including Navy Federal Credit Union, VyStar Credit Union, and a financial institution called Pathward. The service will help businesses develop stablecoin strategies, technology, and operational plans, and implement stablecoins. Its clients' use cases for stablecoins include cross-border transactions, especially with countries experiencing high currency volatility, and business-to-business transactions.