Visa adds support for 3 stablecoins in a major move to transform global payments and cross-border transactions.
The global payments giant announced support for PayPal USD (PYUSD), Global Dollar (USDG), and Circle’s euro-backed EURC stablecoin. These new additions join Visa’s previously supported USDC stablecoin. This expansion significantly boosts Visa’s capabilities in the fast-growing stablecoin sector.
The company also expanded blockchain support to include Stellar and Avalanche, complementing existing support for Ethereum and Solana. Visa’s settlement platform now supports four stablecoins on four blockchains, making it one of the most versatile networks for stablecoin payments. This aligns with Visa’s vision to reduce transaction friction and speed up settlement times for wallets and developers worldwide.
Visa first started experimenting with USDC settlements in 2020. Over the years, the firm has moved from exploration to real-world deployment, cementing its role as a leader in stablecoin adoption. The latest expansion reflects rising demand for fast, scalable, and interoperable digital currencies in payment systems.
Visa bets big on blockchain and multi-chain support
The expansion comes at a time when stablecoins are gaining attention from payment providers, fintech startups, and traditional banks. These entities are increasingly looking for ways to enable faster, cheaper, and more transparent cross-border money transfers.
Through its new partnership with Paxos, Visa will enable the settlement of both USD and euro transactions via stablecoins. The inclusion of EURC adds regional flexibility for European partners and businesses dealing with the euro. This move also positions Visa as a bridge between traditional finance and the Web3 economy.
Visa’s global head of growth products, Rubail Birwadker, emphasized the importance of trust and scalability in stablecoin infrastructure. According to him, trusted and interoperable stablecoins can revolutionize how money moves worldwide.
ANOTHER MUST-READ ON ICN.LIVE:
ICN.live Key Opinion | EXCLUSIVE Interview with Gracy Chen, CEO at Bitget
Visa adds support for 3 stablecoins to boost payment interoperability
The addition of new stablecoins and blockchains shows Visa’s commitment to supporting innovation in digital finance. The move makes it easier for wallets, payment apps, and businesses to choose the stablecoin and chain that best fits their needs. By focusing on interoperability, Visa aims to make stablecoin payments as seamless as using a credit card.
Visa’s strategy supports broader adoption of blockchain-based finance, offering a robust and secure infrastructure for real-time payments. It also opens the door for developers to create financial products that leverage the speed and security of stablecoins.
This expansion could be a turning point, potentially making stablecoin-based transactions a standard for both retail and institutional use. The platform’s scalability, flexibility, and multi-currency capabilities are key to Visa’s ambition to redefine modern payments.