The Visa Onchain Analytics Dashboard is intended to be a freely accessible, readily assimilated window into aggregated blockchain data that is made publically available, starting with stablecoins.

With data on active users, transaction sizes, volumes by coin and blockchain, and a dynamic range of parameters, the dashboard aims to offer lucid insights into stablecoin activities.

Cuy Sheffield, the president of Visa's cryptocurrency division, explains the resource's importance by pointing to a figure that has been circulating on social media that compares the yearly stablecoin volumes to the billions of dollars that some of the world's largest settlement networks handle.

According to the chart, stablecoin volumes are quickly catching up to Visa and surpassing those of Bitcoin, PayPal, and "remittances".

Sheffield, however, points out that there is a significant amount of noise in this data. This is because blockchains are general-purpose networks where stablecoins can be utilized across a range of use cases. Transactions can be initiated manually by an end user or programmatically through bots.

Compared to the social media graph, the Visa dashboard presents a more nuanced image, highlighting three trends:

-The amount of stablecoin available is almost at an all-time high of $150 billion.
-Monthly active stablecoin users are steadily increasing, reaching 27.5 million across all networks.
-There is a significant difference in the total transfer volume and the bot-adjusted transfer volume; when inorganic data is removed, the transfer volume for the -    previous 30 days might be changed from $2.65 trillion to $265 billion.