Visa is expanding its stablecoin capabilities by adding support for four new stablecoins on four unique blockchains, enabling banks to mint and burn them while boosting cross-border payments and crypto flows reaching $140 billion since 2020.
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Visa CEO Ryan McInerney announced the expansion during the Q4 earnings call, highlighting fourfold growth in stablecoin-linked spending.
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Current support includes USDC, EURC, PYUSD, and USDG on Ethereum, Solana, Stellar, and Avalanche.
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Monthly settlement volumes for stablecoins now exceed a $2.5 billion annualized run rate, with pilots enabling banks to pre-fund cross-border transactions.
Discover how Visa’s new stablecoin support revolutionizes payments. Learn about the four new stablecoins, blockchain integrations, and banking features for seamless crypto adoption. Stay ahead in 2025 crypto trends.
What New Stablecoin Support Is Visa Adding in 2025?
Visa stablecoins expansion includes support for four additional stablecoins operating on four distinct blockchains, allowing acceptance and conversion into over 25 traditional fiat currencies. This move builds on Visa’s existing partnerships with tokens like USDC and PYUSD, aiming to enhance global payment efficiency. CEO Ryan McInerney emphasized during the fourth-quarter earnings call that this will facilitate banks in minting and burning stablecoins directly through Visa’s tokenized asset platform.
How Will Visa’s Stablecoin Features Benefit Banks and Cross-Border Transactions?
Visa’s initiative targets traditional financial institutions by enabling them to mint and burn their own stablecoins via the Visa Tokenized Asset Platform, streamlining operations for over 25 fiat currencies. According to McInerney, this addresses the growing momentum in stablecoins, with $140 billion in facilitated crypto and stablecoin flows since 2020, as reported in Visa’s internal metrics. The expansion also integrates with Visa Direct for pre-funding cross-border payments using stablecoins like USDC and EURC, launched in a pilot program in late September. Expert analysts from financial reports note that such integrations could reduce settlement times from days to seconds, supporting a fourfold increase in consumer spending on stablecoin-linked cards in the latest quarter. Monthly volumes have surpassed a $2.5 billion annualized run rate, demonstrating robust adoption without speculative risks.
Frequently Asked Questions
What Stablecoins Does Visa Currently Support Before This Expansion?
Visa currently supports Circle’s USDC and Euro Coin (EURC), PayPal USD (PYUSD), and Global Dollar (USDG) on blockchains including Ethereum, Solana, Stellar, and Avalanche. This foundation has driven significant growth, with stablecoin-linked services showing strong performance in global transactions.
Why Is Visa Focusing on Stablecoins for Cross-Border Payments?
Stablecoins provide stability and speed for international transfers, allowing seamless conversion to fiat currencies. As McInerney explained, Visa’s enhancements through Visa Direct enable banks to pre-fund payments efficiently, reducing costs and times compared to traditional methods. This aligns with the $140 billion in flows since 2020, making it ideal for everyday cross-border needs.
Key Takeaways
- Expanded Stablecoin Support: Visa adds four new stablecoins on four blockchains, enhancing its existing lineup for broader crypto integration in payments.
- Banking Innovations: Features like minting and burning stablecoins empower financial institutions, with pilots already boosting cross-border efficiency via USDC and EURC.
- Growth Metrics: Stablecoin volumes hit $2.5 billion annualized, with fourfold spending growth, signaling stablecoins as a key driver in modern finance—monitor for further adoptions.
Conclusion
Visa’s strategic push into Visa stablecoins with four new additions on unique blockchains underscores its commitment to bridging traditional finance and crypto ecosystems. By enabling banks to mint and burn stablecoins and enhancing cross-border capabilities, Visa positions itself at the forefront of stablecoin adoption, backed by impressive metrics like $140 billion in flows. As this space evolves, financial institutions and consumers alike can expect more innovative solutions for efficient, secure payments in the coming years—explore these developments to optimize your financial strategies.
