Visa: Stablecoins need to build technology layers, reserve layers and interface layers to become the next generation of digital payment infrastructure

Planet Daily News: Visa's Chief Product and Strategy Officer Jack Forestell wrote an article titled "The Potential Genius of GENIUS" on the official website, pointing out that the U.S. Senate has passed the GENIUS Act, a stablecoin bill. This means stablecoins will open up opportunities for the next era of programmable digital currencies. However, there is still much work to be done. For stablecoins to become part of the world's next-generation digital payment infrastructure, they must meet three key dimensions: 1. Technical Layer: Capable of safely and reliably executing transactions at ultra-high speed and scale, with zero tolerance for failures, leaks, or violations; 2. Reserve Layer: Must establish trust in the value and stability of the exchange medium, with stablecoins being regulated and backed by reserves; 3. Interface Layer: Must provide users with a simple and convenient mechanism to convert value into their preferred fiat currency.