Visa has significantly expanded its cryptocurrency settlement capabilities, adding integrations with the Stellar and Avalanche blockchains and incorporating three new stablecoins—PayPal USD (PYUSD), Global Dollar (USDG), and euro-backed EURC—into its platform. This move builds upon existing support for Ethereum and Solana.
The enhancement substantially broadens the infrastructure available to Visa’s partners. The integration of PYUSD, USDG, and EURC alongside USDC bolsters the platform’s ability to handle diverse currency settlements. The recent qualification of USDG under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework represents a significant milestone for Visa’s expanding European operations.
The addition of Circle’s EURC stablecoin is pivotal for supporting Visa’s multi-currency settlement ambitions, facilitating euro-denominated transactions. This expansion is designed to meet the evolving demands of Visa’s global partners, enabling faster and more flexible cross-border payments compared to traditional financial systems.
By incorporating Stellar and Avalanche, Visa offers partners greater choice in underlying blockchain technology, aiming to further streamline the efficiency and accessibility of stablecoin settlements for institutional clients worldwide.