Visa cuts reported stablecoin volume, but there's no proof payments fell
- —Labeled address set expanded from ~15 million to ~600 million
- —Adjusted transaction count fell by less than 2%
- —Adjusted volume definition unchanged: excludes exchanges, bots, bridges, mint/burn
- —Visa publishes no matched before-and-after totals, so revision size is unknown
Why it matters: Visa's metrics are widely used to gauge real stablecoin usage — the reset may distort network comparisons and payment trend analysis.
Source: CryptoSlate