Visa

V

Market cap $612B

It's using a stablecoin called, yes, Stable Coin, to do so. If this pilot program is successful, the company could see significant material benefits.

While it's been available for some time now, the COVID-19 pandemic generated more interest in making electronic payments directly from a bank account. Awareness of this alternative to credit cards remains modest, as does trust in the option.

V deepens its stablecoin ambitions with Brale, bringing private blockchain settlements closer to institutional finance.

Visa maintains a near-monopoly, capital-light model, and durable competitive advantages, historically justifying premium valuation multiples. Litigation and regulatory scrutiny over swipe fees and alleged anti-competitive practices introduce headline risk and a persistent valuation discount. Current legal pressures have made V's valuation more attractive relative to its historical levels.

SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today announced a collaboration with Brale to explore stablecoin-based settlement using SBC, a U.S. dollar-backed stablecoin issued by Brale, on the Canton Network. The proof of concept will evaluate how privacy-enabled blockchain infrastructure can support faster, more programmable settlement while helping financial institutions and payment companies maintain control over the visibility of sensitive settlement transaction data. Visa began enabling.

Visa continues to deliver double-digit top-line and value-added services growth, while buybacks and dividends enhance shareholder returns. My DCF and scenario analysis suggest intrinsic value near $400. I rate V a Buy, citing strong profit generation, raised guidance, and a favorable risk-reward profile.

V's stock is down, but rising volumes and stablecoin traction are challenging the disruption narrative.

Visa Inc. (V) Presents at 2026 Baird Global Consumer, Technology & Services Conference Transcript

Mastercard, Stripe and Visa are among the backers of a stablecoin platform that will soon be introduced, CoinDesk reported Wednesday (June 3), citing unnamed sources. Coinbase is considering participating in the platform, the report said, citing one of the unnamed sources.

Arm Holdings' management reiterated confidence in sustaining approximately 20% royalty growth longer term, reinforcing the market's confidence in Arm's structural growth profile. Adyen was a detractor from performance during the quarter following fourth quarter results and a more cautious 2026 outlook. We initiated a new position in American Express and exited our positions in Gartner and UnitedHealth.