According to online reports, Cuy Sheffield, head of Visa's cryptocurrency business, said that he is not worried that the rise of stablecoins may pose risks to traditional payment companies. Even if stablecoins provide consumers with a new payment method without a credit card, the payment giant regards the rise of stablecoins as an opportunity. Cuy Sheffield pointed out that stablecoins do not solve too many problems with retail payments because data shows that most of the stablecoin transaction volume comes from high-value transfers rather than retail transactions, adding that opportunities for stablecoins are mainly in emerging market-centered economies outside the United States, which have demand for the U.S. but have few channels to obtain it.