Visa tests stablecoin payments backed by fiat for US companies
Visa's Stablecoin Pilot: Visa has launched a pilot program in the US allowing businesses to send US dollar-pegged stablecoin payouts directly to crypto wallets, aiming to enhance access to fast digital payments for users globally.
Target Audience and Rollout: The pilot primarily targets international businesses and gig economy workers, with plans for wider access to the service by 2026, following research indicating a preference for digital payments among gig workers.
Expansion of Stablecoin Offerings: This initiative builds on Visa's commitment to blockchain technology, following previous expansions of stablecoin offerings and the introduction of instant transfers using stablecoins like USDC and EURC.
Regulatory Context and Market Growth: Visa's move aligns with new US regulations on stablecoins, as the global stablecoin market surpasses $300 billion, attracting interest from major corporations and venture capital investments in the ecosystem.
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Technical Analysis for USDG
Technical Sentiment Analysis for Global Dollar (USDG) As of , Global Dollar (USDG) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for USDG 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, USDG 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 $-.
Global Dollar (USDG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.967 | 0.975 | 0.987 | 0.995 | 1.007 | 1.015 | 1.028 |
| Fibonacci | 0.975 | 0.983 | 0.987 | 0.995 | 1.003 | 1.007 | 1.015 |
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