Payments giant Visa announced on July 31 that it is extending its stablecoin settlement infrastructure by integrating more digital currencies and blockchain networks, a move aimed at scaling global payment capabilities. The company confirmed:

Visa’s settlement platform is adding support for two additional USD-backed stablecoins, two blockchains and the euro-backed EURC.

The new additions include the Global Dollar (USDG) and Paypal USD (PYUSD), both dollar-pegged stablecoins supported through a partnership with Paxos, as well as Circle’s euro-backed EURC. Stellar and Avalanche have also been added to Visa’s list of supported blockchains, joining Ethereum and Solana.

Visa also supports USD Coin (USDC). On March 29, 2021, the payments giant launched a pilot to settle transactions using USDC over the Ethereum blockchain, initially with Crypto.com. This marked Visa as a pioneer in integrating stablecoins for payment settlement, aiming to modernize its global payment network and streamline cross-border money movement.

By diversifying both its digital asset and blockchain exposure, Visa now enables transactions with four different stablecoins across four blockchain ecosystems. This development is part of the firm’s larger push to provide seamless interoperability and settlement flexibility for crypto-native and traditional payment platforms. Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships, emphasized the firm’s long-term commitment to supporting digital currencies at scale.

Additionally, Visa stated:

As new stablecoins and blockchains continue to emerge and show promise of true utility, Visa’s mission remains clear: build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally.

Support for both USD- and EUR-backed stablecoins allows participating partners to tap into multi-currency settlement using blockchain infrastructure. The strategy complements an existing network that already facilitates settlement in more than 25 fiat currencies. While some observers continue to raise concerns about regulatory clarity and digital asset volatility, proponents argue that stablecoins—backed by trusted platforms and deployed at scale—could meaningfully improve cross-border and onchain payments.

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