Visa launches stablecoin analytics dashboard in collaboration with Allium Labs

Recently, as interest in stablecoins has increased, payments platform Visa has launched an on-chain analytics dashboard for stablecoins.
According to the virtual asset industry, on the 26th, Visa has acquired blockchain company Allium Labs.
In collaboration with Visa Labs, we have developed the Visa On-Chain Analytics Dashboard (Visa
Onchain announced the launch of a new platform called “Onchain Analytics Dashboard.”
Qui Sheffield, head of cryptocurrency at Visa, said:
The company explained the reason for developing the platform, saying that the volume of stablecoins has surpassed that of PayPal. Users will be able to evaluate the platform based on stablecoin supply, transaction volume, and monthly active users.
He explained that the company found some issues with stablecoins, especially seeing a lot of noise in the data.
He emphasized that noise was generated by using digital currencies in various environments. The company plans to eliminate such noise through its platform and provide a more accurate estimation of stablecoin payment volume.
The company explained that it is working hard to provide more accurate estimates and plans to make additional improvements to its analytics dashboard in the near future through user feedback.