💳 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.
🔗 Instead of relying solely on SWIFT or traditional rails, both companies piloted transactions using USDC — a regulated dollar-backed stablecoin — to settle cross-border payments in real time.
💡 This allowed partners in Singapore, UAE, and the U.S. to transfer value instantly, with lower fees and no banking intermediaries.
🏦 Analysts view this as a major milestone: proof that legacy financial systems are embracing blockchain for real utility, not just hype.
🧩 Stablecoins like USDC and USDT could soon become the financial glue between Web2 banks and Web3 wallets.
🏷️ #VisaCrypto
