Hackers Steal $100M; Visa Unveils Stablecoin Plans — Bloomberg Crypto (8/4/2026)

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Bloomberg Crypto: Wintermute, Blockchain Association, 21Shares and Visa discuss $100M cold-wallet heist, institutional trading, tokenization, CME computing futures and Visa’s OpenUSD-based stablecoin strategy.

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What stands out

Visa’s head of crypto, Cuy Sheffield, sketched out how the payments giant would weave stablecoins into its rails while Bloomberg’s segment also detailed a roughly $100 million cold-wallet hack, two sides of the same story. That juxtaposition matters because it exposes the central trade for investors: tokenized money promises new volume and fee pools, yet custody failures and unsettled rules could slow adoption. For a company already growing revenue and profit at about 11% a year, stablecoins are a strategic extension, not instant earnings magic.