There is “A Lot of Noise” in the Widespread Stablecoin Data – Visa

• According to Cuy Sheffield, Visa has created a dashboard for accurate stablecoins analysis.
• Sheffield thinks there is “a lot of noise” in the widespread stablecoins data.
• Visa’s solution spots three notable trends relating to the current state and potential of stablecoins.

According to Cuy Sheffield, Head of Crypto at Visa, his company has created an Onchain Analytics Dashboard that aims to provide accurate information about the growth of stablecoins. Sheffield made the statement in a recent post on X, referencing a publication where he addressed the ongoing comparison between stablecoins and the mainstream payment settlement platforms.

Here’s how we think about separating signal from noise in stablecoin data at Visa – https://t.co/5k1W5io2Bk

— Cuy Sheffield (@cuysheffield) May 5, 2024

The Visa Head of Crypto highlighted the famous statistics showing that stablecoins are catching up with most established settlement networks in transaction volumes. According to him, there is a lot of noise in the widespread information. Hence, his company has developed a solution for accurate measurement of the stablecoins growth data and statistics.

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