Visa has expanded its infrastructure to enable stablecoin settlements for transactions in CEMEA, creating new opportunities for international operations.
Implementation of Stablecoin Settlements
Visa's updated infrastructure now allows select issuers and acquirers in the region to settle US dollar-denominated cross-border payments via stablecoins. This initiative aims to:
* Lower settlement costs * Enhance liquidity management * Enable 24/7 settlement across jurisdictions
Strategic Partnership with Yellow Card
As part of this expansion, Visa has entered a strategic partnership with Yellow Card, a prominent stablecoin infrastructure provider operating in over 20 African countries. The collaboration will focus on scaling real-time stablecoin settlement for digital wallets, granting access to USD-backed transactions in underbanked regions.
Visa's Future Ambitions
This initiative aligns with Visa’s broader ambition to act as a bridge between Web2 financial institutions and Web3 payment ecosystems, especially in regions where digital currency adoption is outpacing legacy infrastructure. With real-time, blockchain-based settlement now available across CEMEA, Visa positions itself at the forefront of stablecoin adoption in global payments.
The expansion of stablecoin settlement capabilities in the CEMEA region illustrates Visa's commitment to entering the rapidly evolving landscape of digital finance, striving for more accessible and efficient international transactions.
