Visa has broadened its blockchain payment capabilities by integrating additional stablecoins and new blockchain networks into its settlement platform. The payments processor now supports PayPal USD (PYUSD), Euro Coin (EURC), and Global Dollar (USDG) on the Stellar and Avalanche networks, complementing its existing support for USDC on Ethereum and Solana.
This expansion aims to enhance cross-border payment efficiency and flexibility amid heightened institutional adoption of stablecoin technology. The stablecoin sector has demonstrated significant traction, with total market capitalization exceeding $256 billion as major financial institutions including Visa and Mastercard embrace these assets for their transaction speed and cost advantages over conventional systems.
Despite rapid growth, regulatory oversight remains a key challenge. Initiatives such as the proposed GENIUS bill in the U.S. seek to establish clearer frameworks for stablecoin operations. Visa reaffirmed its commitment to compliance with AML and KYC protocols as blockchain-based payments gain mainstream attention.
The infrastructure upgrade positions Visa to capitalize on stablecoins’ potential to transform remittances and international settlements while navigating evolving regulatory requirements across global markets.