Visa expands stablecoin settlement options – ledgerinsights.com
Until now Visa’s stablecoin settlement platform supported only Circle’s USDC token. Yesterday the card company announced the addition of support for two Paxos issued coins, the Global Dollar (USDG) and PayPal’s PYUSD. While all three are US dollar backed, the company is now adding euro support through Circle’s EURC.
On top of the expanded range of stablecoins, the settlement platform will now support additional blockchains, adding Stellar and Avalanche to its existing Ethereum and Solana support.
For many years the company has supported the use of stablecoins for payments using Visa branded crypto exchange cards. Visa first started supporting stablecoins for settlement in 2023, with Worldpay and Nuvei as the first to go live.
So far these stablecoin settlement services mainly cater to crypto and web3 firms. However, Visa also has a solution that targets its 15,000 banking partners, the Visa Tokenized Asset Platform (VTAP). It supports both stablecoins and tokenized deposits. Spain’s BBVA announced plans to launch a token this year, which will likely complement the launch of the bank’s retail crypto offering last month.
Visa said that its mission with regard to stablecoins is to “build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally.”
Copyright © 2018 – 2025 Ledger Insights Ltd.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
On top of the expanded range of stablecoins, the settlement platform will now support additional blockchains, adding Stellar and Avalanche to its existing Ethereum and Solana support.
For many years the company has supported the use of stablecoins for payments using Visa branded crypto exchange cards. Visa first started supporting stablecoins for settlement in 2023, with Worldpay and Nuvei as the first to go live.
So far these stablecoin settlement services mainly cater to crypto and web3 firms. However, Visa also has a solution that targets its 15,000 banking partners, the Visa Tokenized Asset Platform (VTAP). It supports both stablecoins and tokenized deposits. Spain’s BBVA announced plans to launch a token this year, which will likely complement the launch of the bank’s retail crypto offering last month.
Visa said that its mission with regard to stablecoins is to “build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally.”
Copyright © 2018 – 2025 Ledger Insights Ltd.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
