Visa integrated three new stablecoins into its payment DLT platform and increased the number of supported blockchains to four.
Financial giant Visa announced the expansion of its DLT settlement platform by adding support for the stablecoins USDG and EURC from Circle, as well as PYUSD from PayPal. In addition, Stellar and Avalanche blockchains were added alongside the already supported Ethereum and Solana networks.
Thanks to the update, the service now supports not only dollar-pegged stablecoins but also enables settlements using a stablecoin denominated in euros. Together with the expanded blockchain infrastructure, this will provide more flexible and scalable settlement capabilities.
According to Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa, the company is building a multi-coin, multi-chain infrastructure designed to meet the needs of global partners. He also noted that reliable and interoperable stablecoins have the potential to fundamentally transform global money transfers by reducing costs and accelerating transactions, including cross-border payments.
Previously, Max Krupyshev, CEO of CoinsPaid, highlighted that stablecoins can significantly improve the convenience of international transfers. In his view, stablecoins are becoming a new universal payment method, and initiatives from major TradFi players are creating more transparent conditions for the global use of stablecoins, reducing integration risks for businesses.
Visa’s payment DLT infrastructure supports settlements in more than 25 fiat currencies. The company is actively expanding its network of partners issuing crypto cards, having signed agreements with RedotPay, Avalanche Foundation, WhiteBIT, and many others. Visa also launched global programs such as Commercial Integrated Partners for seamless payment integration and Visa Intelligent Commerce for AI agent integration into the payment network.
Сообщение Visa Expands Crypto Capabilities of Its DLT Platform появились сначала на CoinsPaid Media.
