Visa is making waves in the crypto space by expanding its stablecoin settlement capabilities to four major blockchains. This groundbreaking move introduces EURC, the first euro-backed stablecoin on Visa’s platform, alongside PYUSD and USDG, revolutionizing cross-border payments with unprecedented speed and efficiency.
Visa’s Multi-Chain Stablecoin Settlement Strategy
Visa’s latest expansion supports stablecoin settlements across:
- Ethereum – The established leader in smart contract platforms
- Solana – Known for its high-speed, low-cost transactions
- Avalanche – Offering enterprise-grade scalability
- Stellar – Specializing in cross-border payments since 2014
Why EURC Marks a Major Milestone for Visa
The integration of Circle’s EURC represents Visa’s first foray beyond dollar-denominated stablecoins, opening doors for:
| Benefit | Impact |
|---|---|
| Euro-based transactions | Reduced FX costs for European partners |
| Regulatory diversification | Compliance with EU payment standards |
| Market expansion | Access to EUR 400B+ daily forex market |
How Blockchain Payments Are Transforming Visa’s Network
Visa’s Global Head of Growth Products, Rubail Birwadker, emphasizes their “multi-coin, multi-chain foundation” delivers:
- Faster settlement times (minutes vs. days)
- Lower transaction costs (up to 60% reduction)
- Enhanced transparency (on-chain verification)
- 24/7 availability (no banking hours restrictions)
The Future of Crypto Payments with Visa
This expansion signals Visa’s commitment to mainstream blockchain adoption. By supporting multiple stablecoins and chains, Visa creates a future-proof payment infrastructure that bridges traditional finance and decentralized systems. The move could accelerate merchant adoption of crypto payments globally.
FAQs About Visa’s Stablecoin Expansion
Q: Which stablecoins does Visa now support?
A: Visa supports PayPal USD (PYUSD), Paxos USDG, Circle’s USDC, and now EURC.
Q: How does this benefit merchants?
A: Merchants gain faster settlements, lower fees, and access to crypto-native customers.
Q: Is Visa moving away from traditional payments?
A: No, this complements existing systems, offering more options to partners.
Q: When will these features be widely available?
A: Visa is currently running live pilots with select partners before full rollout.
