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š³ Visa and Mastercard Pilot Stablecoin Settlements on Ethereum
In early 2024, global payment giants Visa and Mastercard began testing stablecoin settlements over the Ethereum blockchain, signaling a seismic shift in how traditional finance interacts with decentralized infrastructure.
š Instead of relying solely on SWIFT or traditional rails, both companies piloted transactions using USDC ā a regulated dollar-backed stablecoin ā to settle cross-border payments in real time.
š” This allowed partners in Singapore, UAE, and the U.S. to transfer value instantly, with lower fees and no banking intermediaries.
š¦ Analysts view this as a major milestone: proof that legacy financial systems are embracing blockchain for real utility, not just hype.
š§© Stablecoins like USDC and USDT could soon become the financial glue between Web2 banks and Web3 wallets.
š·ļø #VisaCrypto
#MastercardWeb3
#StablecoinAdoption
#EthereumPayments
#Crypto2025
In early 2024, global payment giants Visa and Mastercard began testing stablecoin settlements over the Ethereum blockchain, signaling a seismic shift in how traditional finance interacts with decentralized infrastructure.
š Instead of relying solely on SWIFT or traditional rails, both companies piloted transactions using USDC ā a regulated dollar-backed stablecoin ā to settle cross-border payments in real time.
š” This allowed partners in Singapore, UAE, and the U.S. to transfer value instantly, with lower fees and no banking intermediaries.
š¦ Analysts view this as a major milestone: proof that legacy financial systems are embracing blockchain for real utility, not just hype.
š§© Stablecoins like USDC and USDT could soon become the financial glue between Web2 banks and Web3 wallets.
š·ļø #VisaCrypto
#MastercardWeb3
#StablecoinAdoption
#EthereumPayments
#Crypto2025
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