Visa has announced an expansion of its support for stablecoins and blockchain networks on its payment platform, reflecting the rising interest in digital settlements.
New Stablecoins on Visa's Platform
New stablecoins added to Visa's platform include PayPal’s PYUSD, the euro-backed EURC, and Global Dollar (USDG). Users can now send and receive payments in these stablecoins or convert them to fiat currency.
Support for Additional Blockchain Networks
Visa also announced support for new blockchain networks, Stellar and Avalanche, expanding its current lineup of supported platforms, including Ethereum and Solana.
Growing Interest in Stablecoins
Institutional interest in stablecoins has increased in recent months following the passage of the GENIUS stablecoin bill in the U.S. Major tech firms, banks, and retailers are exploring opportunities related to the growing $256 billion stablecoin market.
Visa's expansion of support for stablecoins and blockchain networks demonstrates the company's commitment to integrating digital currencies into the traditional financial system.
