According to TechFlow, on June 19, CoinDesk reported that payment card giant Visa has expanded its stablecoin business to the Central and Eastern Europe, Middle East, and Africa (CEMEA) region and established a strategic partnership with African cryptocurrency exchange Yellow Card.
Godfrey Sullivan, Senior Vice President of Visa and Head of Products and Solutions for CEMEA, stated: "By 2025, we believe every institution transferring funds will need a stablecoin strategy."