Stellar (XLM) has reached a significant milestone by becoming part of Visa's stablecoin settlement platform, strengthening its position in the payment sector.
Integration of Stellar into Visa's System
According to the official announcement, Visa has updated its system to support four blockchains and four USD- and EUR-backed stablecoins, including PayPal USD and Circle's EURC. Visa partners can now settle transactions using stablecoins directly on the Stellar network, which should make cross-border flows faster and cheaper.
XLM Price Reaction to the News
Despite the headlines, the price of XLM did not change much. It was just under $0.42, slowly dropping to $0.4190 even as news about Visa dropped.
Prospects for Stellar in the Payment System
Stellar now has formal rails into Visa's global payments engine, which is a significant step forward. As stablecoins become a bigger part of card programs, fintech wallets, and merchant tools, Stellar is likely to grow faster than the chart indicates.
The integration of Stellar into Visa's settlement system opens new opportunities for the platform, despite the lack of immediate market response to these developments.
