Visa Stock And 2 Payment Shares In The Stablecoin Shift

Crypto custody and tokenization have moved from the fringes of finance to the center of a heated policy debate, and the OCC’s conditional nod to World Liberty Trust Company has just turned up the volume. Regulatory doors are not wide open, but they are not closed either, which can shift how certain stocks linked to stablecoins and on-chain infrastructure are viewed. This article walks through three stocks that are exposed to this news and explains what that could mean for your watchlist.

The stocks covered below are just a starting sample, and the full screen surfaced 7 more US listed crypto custody and tokenization infrastructure companies with equally compelling business stories that are not included in this article. To identify and analyze the highest conviction plays in this theme, head straight into the US-Listed Crypto Custody and Tokenization Infrastructure Providers screener.

Paysafe (PSFE)

Paysafe is a global payments company that helps merchants and consumers move money through card processing, digital wallets and cash-like vouchers across areas such as e-commerce, gaming and digital assets. It generates most of its revenue from Merchant Solutions at about US$932 million, with Digital Wallets contributing around US$849 million and a small intersegment offset. The stock has a market cap of roughly US$413 million.

Paysafe sits in an interesting spot for this theme. Its digital wallets, white label wallet offerings and pay in and pay out tools give it the plumbing that crypto platforms and stablecoin issuers look for, yet crypto-related revenue has historically been a small slice of the whole. The company has recently reported higher full year revenue guidance for 2026, while the stock trades on a low P/S multiple. On the flip side, the company is still reporting losses and leans on sectors such as iGaming and digital assets, so investors need to weigh the potential re-rating against regulatory, competition and funding risks that are far from settled.

Paysafe’s low P/S and expanding payments reach can make the headline story feel incomplete. See how the business, risks and stablecoin angle all fit together in the analysis report for Paysafe

Build your own payments and tokenization shortlist

Paysafe and the two other stocks in this article all surfaced from a single Simply Wall St screen, but the real value comes from tailoring the filters to your own approach. Use our flexible Screener to mix valuation, balance sheet and risk metrics, or jump straight into our curated Investing Ideas for ready made themes and stock shortlists.

Western Union (WU)

Western Union is a long established global money movement company that lets customers send and receive funds across borders through a mix of retail agents, owned locations, websites and mobile apps. Most of its revenue comes from Consumer Money Transfer at about US$3.5b, with Consumer Services adding roughly US$576 million across bill payments, money orders, prepaid and wallet style products. The stock carries a market cap of around US$2.3b.

Western Union sits at an unusual crossroads for this theme. It still earns most of its money from traditional remittances. At the same time, management is piloting stablecoin based settlement rails and positioning the network as an on ramp and off ramp between fiat and digital assets. The stock trades on low earnings multiples and offers a high dividend yield, although earnings and margins have recently fallen and the company carries substantial debt funded entirely by external borrowing. For investors, the key issue is whether Western Union’s early work on stablecoin rails and digital assets can offset competitive pressure in classic cash to cash transfers and justify that valuation gap.

Western Union’s low valuation and high dividend yield may appear straightforward on the surface, yet its early stablecoin rails could be the real story. Explore how that trade off compares in the 4 key rewards and 2 important warning signs

Visa (V)

Visa is a global payment technology company that runs VisaNet, the network that powers credit, debit and prepaid card transactions, as well as tap to pay, tokenization, Visa Direct and a wide range of acceptance and risk services for consumers, merchants, financial institutions and governments. The business is effectively one large Payment Services segment, which generated about US$44.5b in revenue across the United States and international markets combined. The stock is a heavyweight in this screener, with a market cap of roughly US$670.8b.

Visa sits at a crossroads between traditional card payments and on chain money movement, and the OCC’s conditional approval of World Liberty’s crypto focused trust charter adds fresh momentum to that story. The company is already settling stablecoin flows, building out a stablecoin platform and leaning into AI powered fraud, cross border and agentic commerce services, all on top of a high margin payments engine. At the same time, the stock trades on a rich earnings multiple, faces fee regulation pressure and has seen insider selling and a funding mix that relies on external sources rather than deposits. For investors, the central question is whether Visa’s push into stablecoins and AI commerce justifies paying a premium for that quality and how much protection that may offer if the broader crypto and regulation cycle develops differently than anticipated.

Visa’s rich P/E and stablecoin push can mask what really matters for long term holders. Before you decide how to treat that premium, look through the 3 key rewards and 1 important warning sign

Seeking Alternatives Before The Crowd

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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