Visa has expanded its stablecoin settlement infrastructure to include three new tokens—PYUSD, USDG, and EURC—and added support for Avalanche and Stellar blockchains, enhancing payment interoperability and scalability.
-
Visa now supports PayPal’s PYUSD, Paxos USDG, and Circle’s EURC stablecoins.
-
Stablecoin settlements are extended to Avalanche and Stellar networks, complementing Ethereum and Solana.
-
Visa’s Global Head of Growth Products highlights stablecoins’ potential to transform global money movement.
Visa expands stablecoin settlement to PYUSD, USDG, and EURC, adding Avalanche and Stellar support. Discover how this boosts crypto payments globally.
Visa’s Stablecoin Settlement Expansion Enhances Blockchain Payment Infrastructure
Visa has significantly upgraded its stablecoin settlement services by integrating three additional digital tokens: PayPal’s PYUSD, Paxos-issued USDG, and Circle’s EURC. This expansion also includes two new blockchain networks, Avalanche and Stellar, broadening the ecosystem beyond Ethereum and Solana. This move strengthens Visa’s position in the crypto payments space by improving interoperability and offering clients more options for stablecoin transactions.
What Are the Benefits of Adding Avalanche and Stellar to Visa’s Network?
By supporting Avalanche and Stellar, Visa taps into two prominent blockchain networks known for fast transaction speeds and low fees. Avalanche’s AVAX ranks as the 22nd largest cryptocurrency by market capitalization, while Stellar’s XLM holds the 16th spot. This integration allows Visa’s clients to leverage these blockchains’ unique capabilities, enhancing payment efficiency and expanding stablecoin usability across diverse financial ecosystems.
How Do Stablecoins Drive Innovation in Payment Systems?
Stablecoins, cryptocurrencies pegged to stable assets like the U.S. dollar, reduce volatility and facilitate seamless digital payments. Initially favored by traders for quick fund transfers without banks, stablecoins are now gaining traction among banks, corporations, and governments. Visa’s expansion aligns with this trend, supporting faster, scalable, and interoperable payment solutions. The recent GENIUS Act in the U.S. further legitimizes stablecoin issuance and regulation, signaling broader adoption and trust in these digital assets.
What Has Visa Achieved in Crypto Since Supporting USD Coin?
Since launching stablecoin settlement with USD Coin on Ethereum in 2021, Visa has pursued multiple crypto initiatives. Notably, in April, Visa partnered with Bridge, a Stripe unit, to introduce stablecoin-linked debit cards in Latin America. These efforts reflect Visa’s commitment to integrating blockchain technology into mainstream finance, enhancing user access to digital currencies while maintaining regulatory compliance and security.
What Are the Market Reactions to Visa’s Stablecoin Expansion?
Following the announcement, AVAX traded at $22.59, experiencing a slight 2.4% decline, while XLM remained steady at $0.40. Visa’s stock closed down 1.5% on the same day. These market movements reflect typical volatility but underscore investor interest in how stablecoin infrastructure developments impact broader crypto and financial markets.
Conclusion
Visa’s expansion of stablecoin settlement to include PYUSD, USDG, EURC, and support for Avalanche and Stellar blockchains marks a pivotal advancement in crypto payments. This development enhances payment interoperability and scalability, positioning Visa as a key player in the evolving digital currency landscape. As stablecoins gain regulatory clarity and adoption, Visa’s infrastructure upgrades will likely accelerate mainstream crypto integration.
Frequently Asked Questions
What stablecoins are supported by Visa’s expanded settlement services?
Visa supports PayPal’s PYUSD, Paxos USDG, and Circle’s EURC stablecoins, enabling broader payment options for clients using its infrastructure.
How does Visa’s support for Avalanche and Stellar blockchains improve crypto payments?
Adding Avalanche and Stellar allows Visa to leverage faster transaction speeds and lower fees, enhancing stablecoin payment efficiency and network reach.
Key Takeaways
- Visa expands stablecoin support: Adds PYUSD, USDG, EURC tokens.
- New blockchain integrations: Avalanche and Stellar join Ethereum and Solana.
- Enhanced payment scalability: Stablecoins facilitate faster, interoperable transactions.
Conclusion
Visa’s latest stablecoin settlement expansion demonstrates its commitment to advancing blockchain payment infrastructure. By supporting new tokens and blockchains, Visa enhances crypto payment interoperability and scalability, paving the way for broader adoption of digital currencies in global finance.
-
Visa has expanded its stablecoin settlement infrastructure to support three new tokens and two additional blockchains, enhancing crypto payment options.
-
This expansion includes PayPal’s PYUSD, Paxos USDG, Circle’s EURC, and adds Avalanche and Stellar networks to Visa’s existing Ethereum and Solana support.
-
According to Visa’s Global Head of Growth Products, stablecoins have the potential to fundamentally transform global money movement when trusted and interoperable.
Visa broadens stablecoin settlement with PYUSD, USDG, EURC, and Avalanche, Stellar support, boosting scalable and interoperable crypto payments worldwide.
