- VISA has expanded its stablecoin settlement support to include Global Dollar (USDG), Paypal USD (PYUSD), and Euro Coin (EURC), as well as two new blockchain networks, Stellar and Avalanche.
- The expansion enables users to send and receive stablecoin payments on these networks, or convert stablecoin balances to traditional currency.
- Visa’s support now covers USDC on Stellar, alongside prior Ethereum and Solana integrations, boosting options for cross-border payments.
- Institutional interest in stablecoins is rising, with major banks and retailers exploring stablecoin use for faster, lower-cost settlements.
- Market competition is increasing, and Visa’s move aims to keep its platform relevant as stablecoin transaction volumes grow globally.
Visa has expanded its stablecoin settlement network by adding support for Global Dollar (USDG), PayPal USD (PYUSD), Euro Coin (EURC), and integrating the Stellar and Avalanche blockchains. This update enables users to transact with these stablecoins or convert them into traditional currencies within Visa’s payment infrastructure.
The platform now allows USDC (USD Coin) transactions on Stellar, besides its existing support on Ethereum and Solana. PYUSD from PayPal is now available across Visa’s platform, and EURC integration on Avalanche offers quicker cross-border settlement for European users.
According to Visa‘s announcement, this expansion builds upon previous integrations with Circle’s USD Coin and responds to increased demand for efficient digital dollar and euro transactions. The company said it now supports major stablecoins and multiple blockchains, aiming to provide broader access for institutional and retail users.
The update comes as leading companies like Walmart and Amazon evaluate stablecoin adoption for reducing transaction costs and ensuring instant settlement. Banks are also joining the shift: Bank of America has mentioned plans to launch a stablecoin, while JPMorgan has partnered with Coinbase to allow customers to convert rewards to USDC and link Chase accounts for stablecoin transactions. These moves follow recent legislation like the GENIUS stablecoin bill, which is supporting institutional adoption.
Industry experts highlight that onchain stablecoin transaction volumes have overtaken those of traditional payment processors. Noam Hurwitz, head of engineering at Alchemy, stated, “Onchain stablecoin transaction volume has surpassed that of Visa and Mastercard and is becoming the default settlement layer for the internet.” Mastercard, acknowledging this trend, has increased its tokenization efforts and partnered with several cryptocurrency companies.
This latest expansion by Visa aims to address growing user demand for programmable money and rapid settlements, as stablecoins like USDC, PYUSD, and EURC see broader adoption across global payment networks.
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