{“introduction”:”The recent passage of the GENIUS Act by the U.S. Senate marks a significant milestone in stablecoin regulation. Visa’s Chief Strategy and Product Officer Jack Forestell has articulated the company’s perspective on the future of stablecoins, emphasizing their potential to usher in a new era of digital programmable money.”,”critical_layers”:{“Technology_Layer”:”Requires robust, scalable blockchain solutions”,”Reserve_Layer”:”Demands regulated, reserve-backed stablecoins”,”Interface_Layer”:”Needs ubiquitous adoption through trusted payment networks”},”visa_contribution”:{“transaction_volume”:”Visa has processed over $100 billion in cryptocurrency transactions since 2020, positioning itself as a key enabler for stablecoin scalability.”,”service_stack”:[“Global payment infrastructure”,”Security and fraud protection”,”Dispute resolution mechanisms”,”Seamless fiat conversion capabilities”]},”adoption_insights”:{“current_fit”:”While stablecoins have found product-market fit in crypto trading and emerging markets, their adoption in developed economies remains uncertain.”,”promising_areas”:[“High-inflation economies”,”Cross-border remittances”,”B2B payments”]},”market_contrast”:”The article contrasts approaches between traditional financial players (Visa, PayPal) and crypto-native companies (Tether, Circle), noting Tether’s significant penetration in Global South markets compared to Western-focused competitors.”,”disclaimer”:”This content represents the author’s views and does not constitute investment advice.”}