Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments
Main Idea
Visa is expanding its stablecoin and blockchain support to enhance global payment capabilities, adding new USD- and EUR-backed stablecoins and integrating additional blockchains.
Key Points
1. Visa is adding support for two additional USD-backed stablecoins (Global Dollar and Paypal USD) and the euro-backed EURC.
2. The company is also integrating Stellar and Avalanche blockchains, joining Ethereum and Solana.
3. This expansion aims to scale global payment capabilities and provide more options for cross-border and onchain payments.
4. Visa initially launched a pilot for USDC settlements on Ethereum in 2021, focusing on cross-border transactions.
5. The move is part of Visa's broader strategy to build an interoperable payment layer that works securely and globally.
Description
Visa supercharges the future of finance by expanding stablecoin settlements with new digital assets and blockchains, unlocking a new era of global crypto payments. Visa Broadens Stablecoin Network With Euro Integration and New Blockchain Access Payments giant Visa announced on July 31 that it is extending its stablecoin settlement infrastructure by integrating more digital currencies
Latest News
- Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero2025-08-01 21:39:58
- Analyst: This May Be the Final Year to DCA Your Way to One Bitcoin in a Decade2025-08-01 20:20:37
- Bloodbath: Bitcoin Shudders Below $114K, BTC and ETH Longs Lead $863M Liquidation Wave2025-08-01 19:45:33
- $9.69B in Dormant Bitcoin Moved in July—Then a 2013 Wallet Dropped $35M to Kick off August2025-08-01 18:57:09
- Bitcoin and Stocks Tumble on Weak Jobs Data2025-08-01 17:45:31