Visa Provides Stablecoin Analytics Dashboard With ‘Noise' Filtered Out

Visa has launched an Online Analytics Dashboard for stablecoins, providing easily accessible and digestible data on four stablecoins across nine blockchains. The dashboard aims to cut through the "noise" in stablecoin data, which is caused by their varying use cases, such as smart contracts or "bot programs" used for arbitrage, liquidity provision, and market making in decentralized finance (DeFi). To filter out bot activity, Visa applies specific filters to its data.

Stablecoin accounting is represented differently from traditional transactions, and in the Visa analytics, a transaction worth $100 in volume would be considered a significant volume. The dashboard provides data on the supply, transactions, and users of USD Coin (USDC), Tether (USDT), PayPal USD (PYUSD), and Pax Dollar (USDP) using charts and graphs.

However... off-chain transactions with stablecoins are not captured in the data.

Visa is actively engaged with crypto and blockchain technology on several fronts.

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Visa has premiered an Online Analytics Dashboard for stablecoins. The website seeks to cut through the "noise" to provide easily accessible and digestible data on four stablecoins across nine blockchains. The noise in stablecoin data is the result of their varying use cases. Smart contracts, or "bot programs," are used for arbitrage, liquidity provision, market making and other functions in decentralized finance (DeFi) that are not comparable to "settlement in the traditional sense." Visa applies filters out bot activity: