Visa, the renowned American multinational payment card services firm, has launched an innovative Online Analytics Dashboard to simplify data access and interpretation for stablecoins. This strategic move aims to provide a comprehensive overview of stablecoin activity, focusing on four prominent stablecoins across nine blockchains.

The dashboard, developed in partnership with Allium Labs, offers a unique solution to filter out noise and deliver accurate insights. Cuy Sheffield, Visa's crypto head, explains, "We apply a simple heuristic that removes inorganic data, we see that transfer volume for the last 30 days can be adjusted from $2.65T to $265B."

Unlike traditional transactions, stablecoin accounting differs, where a $100 USDC to PYUSD conversion on Uniswap is counted as $100 in volume, not $200. The dashboard addresses this nuance by providing data on stablecoin supply, transaction volume, and monthly active users for USDC, USDT, PYUSD, and USDP across five layer-1 blockchains and four layer-2s where stablecoins are issued.

Visa's engagement with the crypto ecosystem extends beyond this dashboard. The company has a project dedicated to mainstream blockchain and stablecoin adoption, supports USDC, and has partnerships like MetaMask for crypto withdrawals. Additionally, Visa has collaborated with the Hong Kong Monetary Authority and banks on CBDC and tokenized deposits, and in 2024, joined financial institutions in testing the U.K. Regulated Liability Network's use cases.

The launch of the Online Analytics Dashboard for stablecoins reflects Visa's proactive approach toward enhancing crypto accessibility and transparency, signaling a strategic move toward embracing blockchain technology and fostering a more informed and transparent stablecoin ecosystem.