Visa has announced the expansion of its support for digital assets by incorporating three new stablecoins into its payment infrastructure — PYUSD (PayPal USD), USDG (Global Dollar), and EURC (from Circle), as well as two additional blockchains — Stellar and Avalanche.
This is reported by Finway
Expansion of Multi-Chain Infrastructure
As a result of a technical integration carried out in partnership with Paxos, Visa has for the first time enabled settlements not only in dollar-backed stablecoins but also in EURC, which is pegged to the euro. This marks an important step in building a multi-currency platform that provides flexibility for the company’s global partners.
With the new integrations, Visa’s pilot partners can settle transactions in stablecoins such as USDC, USDG, PYUSD, and EURC. Four blockchains are also supported: Ethereum, Solana, Avalanche, and Stellar. This complements the existing infrastructure of the company, which handles transactions in more than 25 fiat currencies worldwide.
Global Growth and Collaboration Strategy
Visa’s Head of Growth and Strategic Partnerships, Rubail Birwadker, emphasized that the company is building a multi-chain infrastructure capable of meeting the growing needs of partners in various countries.
“The company is building a multi-currency and multi-chain infrastructure to meet the needs of its partners around the world.”
In its statement, Visa highlighted that by 2025, the company will expand its network of card issuers working with stablecoins and continue to develop infrastructure that:
- allows integration with wallets across different blockchains;
- supports direct settlements in stablecoins;
- responds to demand from banks, trading platforms, and developers.
Additionally, new solutions are emerging in the market — recently, the German company AllUnity introduced the EURAU stablecoin pegged to the euro, confirming the growing demand for digital currency instruments in Europe and worldwide.