Visa CEO Ryan McInerney says the company welcomes the U.S. Senate’s passage of the GENIUS Act, a landmark bill regulating stablecoins, even as Visa shares slipped in the aftermath.
Speaking on CNBC’s Squawk on the Street, McInerney said the legislation provides much-needed regulatory clarity that will help unlock new innovation across the payments industry.
“We’ve been embracing stablecoins for a long time,” McInerney said. “Visa has already built solutions using stablecoin infrastructure, and we’re continuing to explore new global use cases.”
Visa Sees Collaboration, Not Competition, with Stablecoin Issuers
Addressing concerns that large companies like Amazon or Walmart could issue their own stablecoins and compete directly with Visa, McInerney was unshaken. He emphasized Visa’s unmatched global reach and trust factor.
“Visa stands out with 5 billion cards, 14 billion tokens, and over 150 million businesses using our network,” he noted. “Even today, people can pay with digital dollars. Stablecoins are not a threat—they’re an opportunity.”
Visa’s long-standing partnership with Circle, the issuer of USDC, was also highlighted. McInerney confirmed that these collaborations will expand, as Visa continues to integrate regulated stablecoin payments into its infrastructure.
Emerging Markets at the Heart of Stablecoin Promise
While much of the regulatory focus remains on the U.S., McInerney believes the real transformative potential of stablecoins lies in emerging markets. In regions facing currency shortages or high inflation, stablecoin-powered payments can offer financial inclusion and global accessibility—especially when connected to Visa’s trusted rails.
“The opportunity is in the geographies that current systems haven’t fully reached,” McInerney said.
Despite short-term market jitters, Visa appears committed to bridging the traditional finance world with the expanding stablecoin ecosystem—betting that regulated digital assets will enhance, not erode, its global dominance.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/visa-ceo-backs-genius-act-sees-stablecoins-as-global-opportunity/