Visa Adds More Stablecoin Support, Taps Stellar and Avalanche Chains
Main Idea
A payment organization is expanding its support for additional stablecoins and blockchains to enhance its global payment capabilities.
Key Points
1. The organization is adding support for two USD-backed stablecoins, two blockchains, and the euro-backed EURC.
2. A partnership with Paxos will facilitate the integration of these new assets.
3. The move aims to meet the growing needs of global partners and improve cross-border money movement.
4. The company already supports Ethereum and Solana blockchains.
5. The initiative reflects a broader trend of increasing adoption of stablecoins and blockchain technology in payments.
Description
Visa continues its journey into the ever-evolving world of cryptocurrency and blockchain, adding support for more coins and chains to boost its versatility. Meanwhile, stablecoins remain one of the leading trends in adoption during this year. A Bit of Everything In a press release shared with investors, Visa, the world’s second-largest card payment organization, announced that it’s adding support for two additional USD-backed stablecoins, two blockchains, and the euro-backed EURC. The company ha...
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