Visa Expands Stablecoin Settlement Capabilities

MT Newswires Live

07/31

Visa (V) said Thursday it is expanding its stablecoin settlement capabilities, adding support for additional digital assets, blockchain networks, and currencies in its ongoing effort to advance digital finance infrastructure.

The company said it formed a partnership with Paxos under which it will support Global Dollar and PayPal USD stablecoins. It also integrated Circle's euro-backed stablecoin, EURC, and added support for Stellar and Avalanche blockchains.

Visa said its integration of EURC enables pilot partners to settle in USD- and EUR-backed stablecoins, expanding its settlement capabilities to over 25 fiat currencies.

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