Visa Expands Blockchain Capabilities and Supports Multiple Stablecoins and Blockchains

Visa has made a significant move in the blockchain space by announcing its integration of three major stablecoins – PayPal’s PYUSD, Paxos’ Global Dollar (USDG), and Circle’s euro-pegged EURC – alongside support for two new blockchains, Stellar and Avalanche. This development is expected to accelerate on-chain payments, particularly cross-border transactions.

The addition of these new stablecoins allows Visa’s partners and merchants worldwide to use dollar-pegged and euro-backed digital assets, further expanding the company’s blockchain capabilities. The integration also enables seamless liquidity management across its vast merchant network, estimated at 130 million accounts, which could unlock billions in trapped cross-border capital.

Visa’s decision comes as a response to growing demand from financial institutions for frictionless settlement layers that bypass traditional delays and inefficiencies. In this context, the GENIUS Act, which sets clear guidelines for stablecoins within financial institutions, has provided regulatory clarity essential for the growth of the industry.

The integration with Stellar and Avalanche brings Visa’s blockchain capabilities beyond Ethereum and Solana, creating a quad-chain ecosystem that will allow partners to move funds across different chains while utilizing Visa’s established global treasury rails supporting over 25 fiat currencies.

Source: crypto-economy.com