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Recent developments involving Visa and XRP-related infrastructure were brought to light by Levi Rietveld, who claimed that the payments giant had made what he called a “crazy” XRP statement. The increasing volume of transactions involving RLUSD and the wider development of blockchain-based payment systems were major topics of discussion in his remarks. Citing data from Visa’s blockchain payment operations, Rietveld contended that the numbers show that institutional adoption of digital asset technology is accelerating.

He emphasized the increasing volume of RLUSD on Visa’s platform in particular. He claimed that the stablecoin’s monthly transaction volume had already surpassed $1 billion. Rietveld began by saying that Visa had made a significant announcement regarding XRP and RLUSD activity.

He clarified that Visa manages stablecoin transactions across various networks and payment channels using its own blockchain-related payment infrastructure.

When all major providers and stablecoin ecosystems are taken into account, Rietveld claims that the stablecoin payment industry has grown into a multi-trillion dollar monthly market.

He maintained that the rise in transaction activity indicates a broader institutional adoption of blockchain payment technology. Additionally, Rietveld linked the development to the XRP Ledger ecosystem, stating that the XRPL is now taking part in what he called a rapidly growing payment environment.

He underlined that the increasing volume of RLUSD has been a part of what he described as a consistent upward trend rather than a transient occurrence. The financial analyst suggested that the Unit’s regulatory developments were based on the Clarity Act