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According to Reuters, Cuy Sheffield, head of Visa's cryptocurrency business, stated that Visa is promoting the integration of stablecoins into the existing payment system. Currently, the annualized settlement volume of stablecoins is approximately $4.5 billion, mainly driven by demand for stablecoin-linked payment cards. However, stablecoins still lack "scalable acceptance" on the merchant side. He also mentioned that a pilot has been launched in the United States, allowing some banks to settle with USDC and Visa.