Key crypto trends you need to know

The adoption of cryptocurrencies is gaining momentum, with more countries and companies entering the market and sharing their insights. The current trend of eliminating the boundaries between cryptocurrencies and traditional payment methods is rising. Let's explore it!

VISA's integration into blockchains

VISA, a traditional payment card service, is expanding its presence in the crypto market. The company has already been issuing cards that enable crypto payments by partnering with crypto exchanges and wallets. Now, World Network announces a collaboration with VISA to issue a card for a non-custodial wallet. If successful, this will enable processing card-crypto transactions directly on the blockchain without additional layers, allowing for a seamless transition from crypto to fiat payments.

The stablecoin multiverse

Paolo Ardoino, CEO of Tether, has highlighted the emergence of a stablecoin multiverse. What does he mean? This trend involves hundreds of organizations launching their stablecoins — stock exchanges, banks, and even individual states. For example, the governor of the state of Wyoming has talked about the possible issuance of stablecoin this year. Meanwhile, Tether's USDT currently boasts over 400 million users and is projected to reach 1 billion users soon.

Crypto legislation in the United States

The United States is among the few countries actively working towards implementing comprehensive legislation for stablecoins. The U.S. dollar-pegged stablecoin remains a dominant force in the market, potentially influencing not only the U.S. economy but also the global economy as a whole.