Summary
- Visa announced it will expand its stablecoin payment infrastructure.
- Visa said it supports payments with four stablecoins including PYUSD, USDG, EURC and across four blockchains including Stellar and Avalanche.
- Visa stated that if stablecoins achieve reliability, scalability, and interoperability, they could change the way global money movement works.
Global payment platform Visa is expanding its stablecoin payment infrastructure.
On the 31st (local time), Visa announced it will support payments with PayPal USD (PYUSD), Paxos’s dollar-based stablecoin Global Dollar (USDG), and Circle’s euro-based stablecoin Euro Coin (EURC).
Starting today, Visa will also support payments based on Layer 1 blockchains Stellar and Avalanche (AVAX). Previously, Visa only supported Ethereum (ETH) and Solana (SOL) based payments.
A Visa representative said, "Now Visa supports payments for four stablecoins and four blockchains," adding, "If stablecoins achieve reliability, scalability, and interoperability, they could fundamentally change the way money moves around the world."
JOON HYOUNG LEE
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