Visa provides stablecoin analytics dashboard with ‘noise’ filtered out
The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing.
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.
In a blog post introducing the new service, Visa head of crypto Cuy Sheffield stated that stablecoin data, despite being publicly available in real time, requires interpretation before they can be compared to activity on traditional financial networks.
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:
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Author: Derek Andersen
