Two Dollar-Backed Stablecoins, Two Blockchains, and EURC Make Their Way to Visa’s Payment Network
Main Idea
Visa is expanding its support for stablecoin settlement by adding two USD-backed stablecoins (Global Dollar and PayPal USD), activating support for Stellar and Avalanche blockchains, and integrating the euro-backed EURC.
Key Points
1. Visa will add support for Global Dollar (USDG) and PayPal USD (PYUSD), two USD-backed stablecoins.
2. The platform will activate support for Stellar and Avalanche blockchains.
3. Visa will integrate Circle’s euro-backed stablecoin, EURC.
4. Visa aims to leverage stablecoins to transform money movement and settlement.
5. This expansion aligns with the new regulatory framework established by the GENIUS Act.
Description
Visa is expanding its support for stablecoin settlement. Global Dollar (USDG) and PayPal USD (PYUSD) will be available on Visa. Visa will activate support for Stellar and Avalanche, and integrate EURC. Leading card payment organization, Visa, is expanding its stablecoin settlement support, according to an announcement. The payment platform will add two USD-backed stablecoins, two blockchains, and the euro-backed EURC. Visa consolidates leadership status In its latest announcement, Visa confirmed...
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