Visa Inc. (V)[Tv]

Key Developments

• Visa achieves $20 billion annualized stablecoin settlement run rate across nine blockchains and 160 live programs, cementing its role as the central infrastructure layer for onchain finance and marking a pivotal shift in its evolution beyond traditional payments.
• Visa launches the Trusted Agent Protocol in partnership with Mastercard and Ant International, establishing itself as the gatekeeper of AI-driven commerce by issuing signed credentials to authenticate AI shopping agents—positioning the company at the forefront of the agentic economy.
• Visa’s zero-default track record on $2.5 billion in stablecoin-financed transactions via its Credit Coop pilot validates the scalability and resilience of its real-time, onchain credit model powered by VisaNet data—delivering strong proof of concept for its new financial infrastructure.
• Visa bans "digital goods media" merchant codes for meme coin purchases, effectively shutting down credit card rewards on such transactions—a decisive regulatory and operational move that reinforces its role as a gatekeeper of financial integrity in the volatile crypto ecosystem.
• Visa acquires BioCatch for $2.4 billion and integrates behavioral biometrics into its Agent Score framework, significantly enhancing its AI-driven trust infrastructure and giving it a first-mover advantage in securing autonomous, agent-based commerce.