⚡️Visa expands stablecoin support by adding three new currencies and two additional blockchains

⚡️Visa expands stablecoin support by adding three new currencies and two additional blockchains

In 2023, Visa became one of the first major payment networks to pilot stablecoin settlements, starting with USDC. Today, such transactions have become a mainstream trend.
Source

▶️Through its partnership with Paxos, Visa added the dollar-backed Global Dollar (USDG), PayPal USD (PYUSD), and the euro-backed EURC issued by Circle.

▶️In addition to existing support for Ethereum and Solana, Visa has now integrated Stellar and Avalanche blockchains.

▶️Key data: according to Visa’s internal research, the global stablecoin transaction volume reached USD 27 trillion in 2024, accounting for 1.25 billion transactions.

▶️Further context: Visa recently acquired a stake in the stablecoin infrastructure platform BVNK and partnered with Bridge, a Stripe-affiliated company. The aim is to issue stablecoin-linked cards that are accessible to more users in more regions.

#world_wide #news #crypto

🏦Payouter.com — a trusted payment partner for the CIS and 🇮🇳India: Intent, UPI P2C conversion rate of 54% for FTD