Visa's new partnerships with Lithic, Zerohash, and Cashi enable USDC and other stablecoin settlement, cross-border payouts via Visa Direct, and everyday card spending from stablecoin balances. Visa's onchain analytics show stablecoins processed US$4.80 trillion in the past 30 days, with adjusted activity of US$1.10 trillion and record stablecoin card spending in July. The Zerohash partnership brings stablecoin prefunding and payouts to eligible Visa Direct clients, supporting Visa's cross-border and real-time payout growth driver. However, investors should note that real-time payment schemes and onchain rails could compress Visa's traditional fee model. Visa's narrative projects $61.1 billion revenue and $33.3 billion earnings by 2029, requiring 11.2% yearly revenue growth and a $10.9 billion earnings increase from $22.4 billion today.
