Visa Integrates PYUSD, EURC & USDG To Stablecoin Payments To Boost Cross-Border Settlement
Main Idea
Visa is expanding its stablecoin support by integrating USD-backed and euro-backed stablecoins to enhance cross-border payments and meet global partner needs.
Key Points
1. Visa is integrating USD-backed stablecoins (PYUSD, USDG) and the euro-backed EURC to boost cross-border payments.
2. The company's crypto infrastructure currently supports global payments across 25 currencies.
3. Stablecoins are pegged to underlying currencies, leveraging blockchain technology for efficiency.
4. 43% of CFOs surveyed are interested in Euro-based assets, indicating growing demand.
5. Major companies like Uber, JD.com, and Ant International have recently explored stablecoin adoption.
6. The GENIUS Act, signed by President Trump, provides regulatory clarity for stablecoin investors.
Description
Global payment firm Visa is expanding stablecoin support, marking a further extension of its cryptocurrency offerings.
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