Visa has announced the addition of more stablecoins and blockchains to its platform in an effort to facilitate settlement transactions for issuers and acquirers as the global stablecoin ecosystem is expanding.
Visa’s settlement platform will now support Global Dollar (USDG) and PayPal USD (PYUSD) via a partnership with Paxos, and the euro-backed EURC from Circle, along with additional blockchains, Stellar and Avalanche, that would complement the existing Ethereum and Solana infrastructure.
These updates are part of Visa’s long-term strategy to build a more flexible, multi-chain and multi-currency payment infrastructure that can support a variety of settlement methods across borders. Select pilot partners can now settle transactions using both USD- and EUR-denominated stablecoins.
This move not only follows earlier initiatives from Visa to expand stablecoin-linked card partnerships but also reflects a broader industry push toward integrating blockchain-based payments into traditional financial systems. In particular, the adoption of the GENIUS Act in the US gave financial institutions and investors alike more opportunities to leverage stablecoins in a wide range of transactions. By supporting more stablecoins and chains, Visa aims to reduce settlement times, enhance interoperability, and meet the evolving needs of banks, fintechs, and merchants.
Visa’s announcement comes as competition among payment giants to support digital assets continues to grow. Mastercard, for instance, has launched several blockchain pilot programs, including partnerships with ConsenSys and Immersive to explore central bank digital currencies (CBDCs) and tokenized bank deposits. The rival card network has also tested stablecoin settlements using USDC on the Ethereum network and partnered with Fiserv to adopt the FIUSD stablecoin across its global payments network.
Similarly, PayPal recently introduced its own stablecoin, PYUSD, aiming to integrate it into everyday consumer payments and digital wallets. Both companies see digital currencies as part of the long-term evolution of money movement, especially in cross-border and on-chain use cases.
Major banks and cross-border remittance companies, like JPMorgan, Citi, and Western Union, are musing on their own stablecoin initiatives. Thus, JPMorgan is advancing its internal deposit coin (JPMD) and broader stablecoin strategies, while Citigroup is also exploring issuing a Citi stablecoin to expand client services. Western Union is also planning a late‑2025 rollout of stablecoin-based transfers, particularly targeting underserved corridors in Latin America and Africa, to enable faster, cheaper remittances.
In this context, Visa’s recent move positions it to stay competitive in this evolving space by expanding the tools available to partners and developers looking to build digital payment solutions using stablecoins.
