Visa has added support for three new stablecoins: PayPal USD (PYUSD), Global Dollar (USDG), and Circle’s euro-backed EURC — allowing settlement in both USD and EUR-backed tokens.
Supports four stablecoins across four blockchains: Ethereum and Solana (existing), and now Stellar and Avalanche.
Strategic objective: Enable faster, cheaper, more interoperable cross-border and on-chain settlement. Select Visa partners can now transact in USD or EUR using these stablecoins, integrated into Visa’s global treasury infrastructure that supports over 25 fiat currencies.
🧭 Why It Matters
1. Multi‑coin, multi‑chain platform, giving partners flexibility across blockchains and currencies.
2. PYUSD, part of Paxos partnership, and USDG broaden USD-backed options, EURC adds euro-linked settlement.
3. Stellar and Avalanche support brings Visa to smaller blockchains with active cross-border payment potential.
4. Real‑world pilots underway, including early USDC use via Crypto.com and exploration of corridors in emerging markets like sub‑Saharan Africa.
🔍 Vision & Context
Visa’s broader stablecoin strategy sees digital currencies not as fringe options but as integral to future remittances and global payments. According to Visa’s execs, “every institution that moves money will need a stablecoin strategy.” Already, Visa has processed over $225 million in USDC volume across pilots in regions like Central and Eastern Europe, Middle East and Africa (CEMEA).
This move positions Visa as a big bridge between traditional finance and blockchain payments, especially in regions where stablecoin infrastructure can solve currency access or speed issues.