Visa May Expand Stablecoin Settlement to Support AVAX and Additional Tokens on New Blockchains
Main Idea
Visa has expanded its stablecoin settlement services to include PYUSD, USDG, and EURC, and added support for Avalanche and Stellar blockchains to enhance payment interoperability and scalability.
Key Points
1. Visa now supports PayPal’s PYUSD, Paxos USDG, and Circle’s EURC stablecoins.
2. The expansion includes integration with Avalanche and Stellar blockchains, broadening the ecosystem beyond Ethereum.
3. Avalanche and Stellar offer fast transaction speeds and low fees, enhancing payment efficiency and stablecoin usability.
4. Visa’s move aligns with the growing adoption of stablecoins by banks, corporations, and governments.
5. Since 2021, Visa has pursued multiple crypto initiatives, including stablecoin-linked debit cards in Latin America.
Description
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