Japanese investment bank Mizuho has dubbed Visa the 'stablecoin of stablecoins,' underscoring its pivotal role in the global stablecoin ecosystem. Visa's stablecoin-linked card programs have expanded to over 130 initiatives across more than 40 countries, with spending increasing fourfold year-on-year. Mizuho analysts highlight Visa's strategic position to capitalize on stablecoin adoption, driven by its expanding network and initiatives like Visa Direct. The bank maintains an outperform rating on Visa shares, setting a price target of $425.