Visa Increases Support for Stablecoins as Digital Dollar Transactions Reach $140 Billion
Visa's Expansion into Stablecoins: Visa announced plans to support four new stablecoins across different blockchains, reflecting a significant increase in stablecoin-linked card spending, which has quadrupled over the past year.
Transaction Volume and Market Growth: Stablecoins processed $46 trillion in transactions last year, significantly surpassing Visa's own transaction volume, indicating a major shift in global payment methods.
Focus on Emerging Markets: Visa's strategy targets emerging markets and cross-border payments, aiming to modernize treasury operations and facilitate faster transactions through stablecoin integration.
Future Developments with VTAP: Visa plans to enable banks to mint and burn their own stablecoins using the Visa Tokenized Asset Platform (VTAP), which is expected to support live programs in 2025, enhancing banks' capabilities in the digital asset space.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00289 | 0.00632 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0486 |
| Fibonacci | 0.00632 | 0.0129 | 0.0169 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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