Visa to launch stablecoin issuance service in Asia-Pacific

Visa plans to soon introduce its stablecoin issuance support service, Onchain Finance, to the Asia-Pacific region, The Herald Business reported. The announcement came from Nischint Sanghavi, Visa's Head of Digital Currency for Asia-Pacific, during a press conference on stablecoins held in Seoul today. Sanghavi noted that the service, which recently launched in the U.S., enables the issuance, minting, and burning of stablecoins, as well as conversions between fiat currency and stablecoins.