tl;dr
Visa is expanding its crypto settlement options by supporting three new stablecoins—Global Dollar (USDG), PayPal USD (PYUSD), and Circle’s euro-backed EURC—and adding two blockchains, Stellar and Avalanche, alongside existing support for Ethereum and Solana. This expansion aims to enhance flexibilit...
Credit card payments giant Visa is expanding its crypto settlement options by supporting three new stablecoins and two additional blockchains. This move highlights Visa’s commitment to developing the stablecoin ecosystem, offering partners increased flexibility and reach.
Visa’s new partnership with Paxos enables support for two additional dollar-backed stablecoins: Global Dollar (USDG) and PayPal USD (PYUSD). Alongside this, Visa has integrated Circle’s euro-backed stablecoin, EURC, broadening its stablecoin currency options.
On the blockchain front, Visa has added support for Stellar and Avalanche, complementing its existing support for Ethereum and Solana. These additions reflect Visa’s strategy to build a multi-coin and multi-chain foundation, designed to accommodate diverse partner needs globally.
Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships, emphasized the transformative potential of trusted, scalable, and interoperable stablecoins in changing how money moves worldwide.
Visa CEO Ryan McInerney noted that the company has been preparing extensively for widespread stablecoin adoption. With regulatory clarity improving through legislation like the GENIUS Act, Visa continues its efforts to modernize settlement infrastructure and enable stablecoin issuance, signaling a forward-looking approach to integrating digital currencies into global payments.