๐ณ 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.
๐ Instead of relying solely on SWIFT or traditional rails, both companies piloted transactions using USDC โ a regulated dollar-backed stablecoin โ to settle cross-border payments in real time.
๐ก This allowed partners in Singapore, UAE, and the U.S. to transfer value instantly, with lower fees and no banking intermediaries.
๐ฆ Analysts view this as a major milestone: proof that legacy financial systems are embracing blockchain for real utility, not just hype.
๐งฉ Stablecoins like USDC and USDT could soon become the financial glue between Web2 banks and Web3 wallets.
๐ท๏ธ #VisaCrypto