Visa has announced an expansion of its payment platform by adding support for new stablecoins and blockchains. This step is aimed at improving engagement with the company's partners.
Expansion of Stablecoin Support
Visa has integrated the stablecoins Global Dollar (USDG) and PayPal USD (PYUSD) through its partnership with Paxos, adding support for the Stellar and Avalanche networks alongside the already supported Ethereum and Solana.
Visa's Tokenized Asset Platform
With the integration of the EURC stablecoin, which is pegged to the euro, some Visa partners will be able to process payments in both dollar and euro stablecoins as part of the pilot project.
The Future of Stablecoins in Payments
Visa's CEO Ryan McInerney expressed hope for clearer, more pragmatic regulations in the U.S. and elsewhere. He noted that currently only 10–20% of stablecoin transactions involve payments and predicted that this share would exceed 50% within a year amid the introduction of regulations.
Visa continues to develop its payment platform, adapting it to meet the new market demands. The introduction of new stablecoins and blockchains is expected to enhance the quality and speed of payments.
