Sheffield emphasizes that stablecoins primarily facilitate high-value transfers and have potential in emerging markets, while their role in retail payments is limited.
Cuy Sheffield, head of Visa's crypto business, views stablecoins as an opportunity rather than a threat to traditional payment systems. He notes that most stablecoin transaction volume is from high-value transfers instead of retail transactions. Sheffield highlights that the primary opportunities for stablecoins lie in emerging markets that have a demand for US dollars but limited access to them.