Visa Expands Stablecoin Settlement Platform to Include USDG and Additional Blockchains
Main Idea
Visa has expanded its stablecoin settlement platform by adding support for two new blockchains (Stellar and Avalanche) and three new stablecoins (PYUSD, USDG, and EURC), enhancing global payment speed and flexibility.
Key Points
1. Visa now supports four blockchains: Ethereum, Solana, Stellar, and Avalanche.
2. Three new stablecoins added: PayPal USD (PYUSD), Global Dollar (USDG), and euro-backed EURC.
3. USDG was recently approved under the European Union’s MiCA regulatory framework, marking a milestone for Visa’s European operations.
4. EURC, a euro-backed stablecoin issued by Circle, supports Visa’s multi-currency settlement ambitions.
5. The expansion aims to meet diverse partner needs worldwide, enabling faster and more flexible cross-border payments.
Description
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