Visa to Begin Supporting Select Stablecoins Across Four Blockchains
Visa Expands Stablecoin Support: Visa plans to support four new stablecoins across four unique blockchains, enhancing its crypto services and expanding its offerings for banks and financial institutions.
Growth in Stablecoin Transactions: The company reported a fourfold increase in consumer spending linked to stablecoin services, with annualized transaction volumes surpassing $2.5 billion.
Focus on Cross-Border Transactions: Visa aims to facilitate more cross-border payments using stablecoins, having initiated a pilot program for banks to pre-fund these transactions with USDC and EURC.
Innovative Solutions for Banks: Visa is developing features that allow banks to mint and burn their own stablecoins, further integrating stablecoin capabilities into its payment solutions.
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Technical Analysis for PYUSD
Technical Sentiment Analysis for PayPal USD (PYUSD) As of , PayPal USD (PYUSD) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PYUSD 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, PYUSD 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 $-.
PayPal USD (PYUSD) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.996 | 0.998 | 0.999 | 1 | 1.002 | 1.003 | 1.004 |
| Fibonacci | 0.998 | 0.999 | 0.999 | 1 | 1.001 | 1.002 | 1.003 |
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