The blocmates Podcast Thursday, Oct 30, Visa to Accept Payments in 4 Stablecoins
Oct 30, 2025
Discover Visa's groundbreaking move to accept four stablecoins across various blockchains, paving the way for wider adoption. Dive into the buzz surrounding OpenAI's potential $1 trillion IPO and its impact on AI valuations. Explore macroeconomic updates, including the FOMC's recent rate cut and insights from the Trump-Xi trade talks. Plus, learn about 21Shares' filing for a Hyperliquid ETF and the ongoing legal dramas in the crypto world.
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Fed Cut But Future Cuts Uncertain
- The FOMC cut rates 25 bps to ~3.75% and ended QT by Dec 1, but Powell said December cuts aren't guaranteed.
- Markets sold off on his uncertainty, showing sensitivity to Fed forward guidance.
US–China Meeting Shook Markets
- Trump and Xi agreed on a one-year rare-earths trade deal and tariff reductions, plus coordination on chips and Ukraine.
- The announcement caused market volatility and a sharp but temporary Bitcoin drop to ~108k.
Visa Expands Stablecoin Support
- Visa will expand support to four additional stablecoins across four blockchains, boosting stablecoin rails for card spending.
- Stablecoin card volume is small now but growth could accelerate adoption significantly.