#CryptoStocks Visa, one of the largest payment networks in the world, has officially expanded its infrastructure for transactions with stablecoins across the regions of Central and Eastern Europe, the Middle East, and Africa (CEMEA).

According to a statement released by Visa, reported by CoinDesk, this new initiative reinforces the company's commitment to stablecoins, which it considers modern mechanisms for transferring value, with technological benefits that streamline payments and reduce operational costs.

Visa establishes itself as a pioneer in payments with USDC

Visa was one of the first payment networks to adopt settlements with the stablecoin USDC issued by Circle. Since 2023, the company has used this digital currency to complete transactions on its network, reaching a total volume of over USD $225,000,000 in settled payments.

According to Godfrey Sullivan, Senior Vice President of Products and Solutions for the CEMEA region at Visa, the path is clear: "By 2025, we believe that every institution that moves money will need a strategy with stablecoins."