Visa Stablecoin Strategy Head: Stablecoin Payment B2B Market Reaches $6 Trillion
Joshua Moss, Visa's Head of Stablecoin Strategy, pointed out that the total scale of B2B payments reaches $45 trillion, with 20% being cross-border payments. High-friction corridors account for 20%, corresponding to a potential stablecoin payment market of $6 trillion.
Currently, only 1% of stablecoin transaction volume is used for actual payments, while the remaining 99% is for trading speculation.
The penetration rate of stablecoins in the payment sector is extremely low, and the market "wedge has just begun to open."
Source: Public Information
ABAB AI Insight
Joshua Moss, as Visa's head of stablecoin strategy, has previously promoted the integration of traditional payment networks with stablecoins at industry conferences. This public breakdown of high-friction cross-border B2B scenarios continues Visa's transition from a card organization to a stablecoin settlement infrastructure. Earlier, Visa had partnered with several stablecoin issuers (such as USDC) to launch stablecoin settlement pilots.
On the capital path, Visa aims to gradually direct cross-border payment flows in high-friction corridors towards stablecoin settlements through its global merchant network and clearing system. The motivation is to reduce traditional SWIFT and foreign exchange costs (fees + delays + volatility) while capturing early market share in the $6 trillion potential market, shifting payment revenue from traditional card fees to stablecoin infrastructure service fees and network effect revenues.
Similar to Circle's B2B payment collaborations with traditional banks or Tether's actual implementation in cross-border remittances in emerging markets, stablecoin payments are currently in the early transformation stage from trading speculation to real payment scenario penetration, focusing on validating instant, low-cost advantages in high-friction B2B corridors.
Essentially, this represents an industrial chain reconstruction: traditional cross-border payments are replaced by stablecoins, substituting SWIFT and foreign exchange intermediaries, shifting the clearing and settlement process from centralized banking networks to on-chain instant settlements. The mechanism of 24/7 availability and low-friction characteristics opens up the $6 trillion high-value market, allowing stablecoins to evolve from trading tools to mainstream payment infrastructure, with pricing power gradually concentrating among compliant networks and issuers like Visa.