Visa plans to allow support for more Stablecoins and more blockchains to facilitate settlement transactions for publishers and buyers.
Visa’s settlement platform adds support for two additional USD backed, two blockchains and Eurc-backed Eurc.
- More Stablecoins: Through a new partnership with Paxos, Visa will be able to support two additional stablecoins supported by dollars, world dollar (USDG) and Paypal USD (PYUSD), bringing the transformative power two more reliable stablecoins to its partners.
- More chains: Visa has added support for two blockchains, stellar and avalanche, in addition to the already supported chains, Ethereum and Solana.
- More coins: Visa has the built-in Euro-Backed Stablecoin, Eurc.
“Visa is creating a multiple and multi -chain institution to help meet the needs of our partners worldwide,” said Rubail Birwadker, a world leader of Development Products and Strategic Relations, Visa. “We believe that when Stablecoins are reliable, scalable and interoperable, they can fundamentally turn the way money moves around the world.”
Visa continues to be based on years of real world pilots and live Stablecoin settlement activity. With these additions, the Visa network has the ability to support four stablecoins and four unique block chains.
With the EURC built into the Visa network, select Pilot Pilot Visa Partners can now have access to settlement both in stablecoins supported by USD and euro. This extends the potential of Visa’s encryption and encryption, which are already facilitating settlement in more than 25 Fiat coins worldwide.