Visa's Stablecoin Settlements Grew 15 Times in a Year. Is the Stock Still a Buy Near $370?

Visa reported a 15x increase in activity on a new payment rail while its core payments business reached record levels. The key investment issue is whether stablecoin adoption expands Visa's network reach or cannibalizes transaction economics that support its near-all-time-high valuation. The article presents strong operating momentum alongside a material longer-term competitive and margin risk.