Visa rolled out a major upgrade to its stablecoin settlement infrastructure—now supporting three new stablecoins and two additional blockchain networks beyond its earlier offerings.
Newly added stablecoins:
- PayPal USD (PYUSD), issued by Paxos
- Global Dollar (USDG), also via Paxos
- EURC, Circle’s euro‑pegged token
New blockchain support:
- Stellar (XLM)
- Avalanche (AVAX)
These join Visa’s existing ecosystem built on Ethereum and Solana, creating a multi-chain, multi-currency settlement platform that now supports four stablecoins across four blockchains.
Visa’s Global Head of Growth Products, Rubail Birwadker, says the goal is to build “a multi‑coin and multi‑chain foundation [that] can fundamentally transform how money moves around the world”.
This expansion reflects growing institutional momentum behind stablecoins, spurred by the GENIUS Act, which established the first federal regulatory framework for stablecoin issuance in the U.S.. Analysts see the stablecoin ecosystem growing toward a $2 trillion market by 2030, with Visa positioning itself as a central infrastructure provider for on‑chain settlements.
Visa has reported over $200 million in stablecoin settlement volume since beginning USDC support in 2023. The new additions are expected to improve cross‑border transaction speed, reduce FX friction, and offer euro‑dollar parity settlement options to key partners.
By embracing diverse blockchains and stablecoins, Visa is broadening its crypto-native settlement capabilities—aiming to deliver the same speed, reliability, and reach in digital currencies that it provides in traditional fiat payments worldwide.
