In a groundbreaking development for Ethereum news, Visa has taken a massive leap into the future of payments by adding three new stablecoins and expanding blockchain support to four networks. This move could revolutionize how we send money globally—faster, cheaper, and more efficiently than ever before.
Visa’s Stablecoin Expansion: What’s New?
Visa has integrated Circle’s EURC (euro-pegged stablecoin) alongside PayPal USD (PYUSD) and Paxos Global Dollar (USDG) into its digital asset settlement platform. These stablecoins now operate across four major blockchains:
- Ethereum
- Solana
- Avalanche
- Stellar
Why This Matters for Blockchain Payments
Visa’s multi-chain approach addresses key challenges in digital asset settlement:
| Benefit | Impact |
|---|---|
| Faster Transactions | Avalanche and Stellar enable near-instant settlements |
| Lower Costs | Reduces intermediary fees in cross-border payments |
| Currency Flexibility | EURC provides euro-denominated transactions |
The Future of Digital Asset Settlement
Visa has processed over $200 million in stablecoin transactions, signaling growing institutional adoption. Their head of product development stated this creates a “multi-coin foundation” for global partners. However, regulatory clarity remains crucial for mass adoption.
FAQs
Which stablecoins did Visa add?
Visa added EURC (euro-pegged), PYUSD (PayPal USD), and USDG (Paxos Global Dollar).
What blockchains are supported?
Ethereum, Solana, Avalanche, and Stellar networks are now supported.
Why is EURC significant?
EURC provides the first major euro stablecoin option for European transactions.
How much has Visa processed in stablecoin payments?
Over $200 million to date, with potential for exponential growth.
