The stablecoin world is getting a lot of attention lately, leading Visa's crypto branch to create a new tool called Visa Onchain Analytics Dashboard.

Visa decided to make this tool after seeing a chart by crypto fan Nic Carter. They teamed up with Allium Labs to make it happen.

This tool is designed to let people easily keep an eye on stablecoin activity. It shows important stuff like how many stablecoins are out there, how much they're being used, and how many people are using them. Right now, it focuses on stablecoins like USDC, USDT, PYUSD, and USDP, on five Layer-1 blockchains and four Layer-2 platforms.

Visa wants to help fix some problems with stablecoins, like messy data. They say it's hard to tell what's really going on because lots of different things can make transactions happen, like people doing it themselves or computer programs doing it automatically.

To tackle this, Visa joined forces with Allium Labs. They hope their tool will give a clearer picture of how much stablecoins are being used. They also plan to make it better based on what users think.

Other companies are also getting into the stablecoin game. Ripple Labs wants to make its own stablecoin tied to the US dollar. And even the BRICS group is thinking about making its own stablecoin to shake things up.

This new tool from Visa could help people understand stablecoins better and make using them safer.