Key Takeaways
Visa has added PYUSD, USDG, and EURC stablecoins to its settlement platform.
The expansion includes support for Stellar and Avalanche blockchains, enabling broader cross-border and onchain transactions.
Visa is expanding its stablecoin settlement platform to include PayPal USD (PYUSD), Global Dollar (USDG), and Circle’s euro-backed EURC stablecoin, along with support for two additional blockchains, Stellar and Avalanche, the company said Thursday.
The payments giant is building on its existing stablecoin infrastructure, which already operates on the Ethereum and Solana networks. Through a new partnership with Paxos, Visa will integrate PYUSD and USDG into its settlement system.
“Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide,” said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships at Visa. “We believe that when stablecoins are trusted, scalable, and interoperable, they can fundamentally transform how money moves around the world.”
With the addition of EURC, select Visa partners will be able to settle both USD- and EUR-backed stablecoins. This enhancement complements Visa’s existing crypto and treasury infrastructure, which facilitates settlement in more than 25 fiat currencies globally.
With these new additions, Visa’s network now supports four stablecoins and four distinct blockchains. In addition to addressing growing market demand, the platform aims to reduce friction and improve transaction speeds across borders and on-chain.
Visa joined the Global Dollar Network in April, partnering with Robinhood, Kraken, and Galaxy Digital under Singapore’s regulatory environment to bolster stablecoin use.