Visa Broadens Its Horizon with New Stablecoins and Blockchains

In a groundbreaking move, Visa Inc. has announced the expansion of its settlement platform to include two more USD-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), alongside the euro-backed stablecoin, EURC. This expansion also welcomes two new blockchains, Stellar and Avalanche, into Visa's ecosystem, joining the already supported Ethereum and Solana.

A Vision for the Future of Money

Rubail Birwadker, Visa's Global Head of Growth Products and Strategic Partnerships, shared the company's vision: "Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide. We believe that when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world."

Expanding Global Settlement Capabilities

With the addition of Circle's EURC, Visa's settlement capabilities now extend to over 25 fiat currencies, marking a significant step forward in the company's mission to innovate global payment systems.