Visa announced that it is expanding its stablecoin settlement support and expanding its blockchain support to include the Stellar network. The Stellar network is an ideal complement to Visa’s mission to “build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally.”
VISA CEO Ryan McInerney told CNBC in June that “We’ve been embracing and building for years preparing for this moment… We’ve been embracing stablecoins.”
The Stellar network offers Visa and other trusted financial institutions fast, low-cost settlement. Adding Visa to the Stellar ecosystem demonstrates the growth in the network and is another signal that Stellar is a top network for tokenization, with nearly $450 million in real-world assets held onchain.
Coindesk: Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins
“Two new blockchains, Stellar and Avalanche, will join Visa’s existing support for Ethereum and Solana. With the additions, the firm’s settlement platform supports four stablecoins, including USDC, across four blockchains.
“The update comes as stablecoins gain traction among payment providers, fintechs and banks seeking faster cross-border transactions. A giant in traditional payments, Visa was an early mover in the stablecoin space, exploring settlements with USDC in 2020. Last year, the company unveiled a tokenization platform for banks and institutions to help issue tokens and stablecoins.”
The Defiant: Visa Adds Support for PYUSD and USDG, Expands Settlement to Stellar and Avalanche
“Payments giant Visa is expanding its settlement platform to support additional stablecoins, blockchains and use cases, broadening its role in Web3 payments.
“In a July 31 press release, the company said it will add two new U.S. dollar-pegged stablecoins — Global Dollar (USDG) and PayPal USD (PYUSD) — through a partnership with Paxos, a blockchain infrastructure provider.
“Visa is also integrating Circle’s euro-pegged EURC stablecoin and extending blockchain support to Stellar and Avalanche, alongside Ethereum and Solana, according to the release.”
Decrypt: Visa Adds More Stablecoin Features, Unveiling Avalanche, Stellar Support
“Visa said Thursday it will expand its stablecoin settlement capabilities, adding support for three additional digital tokens and two new blockchain networks.
“The payments giant said that its infrastructure now supports PayPal’s PYUSD, Paxos-issued USDG, and Circle’s EURC.
“Visa also said that clients using Visa’s stablecoin services can accept the tokens via Avalanche and Stellar, too.”
Visa has also added Stellar and Avalanche to its platform, expanding its blockchain coverage beyond Ethereum and Solana. With these updates, Visa’s stablecoin infrastructure now supports four stablecoins (USDC, PYUSD, USDG and EURC) and operates across four networks (Ethereum, Solana, Stellar and Avalanche).
Cointrust: Visa Adds Stellar and Avalanche to Its Blockchain Network
“By incorporating Stellar and Avalanche, Visa is extending its reach into high-performance blockchain ecosystems known for their scalability and speed. Stellar, often seen as a rival to Ripple’s XRP in the cross-border payments segment, brings with it a focus on low-cost, near-instant transactions—an attractive feature for international money transfers. The addition of Avalanche, a blockchain noted for its high throughput and efficient consensus mechanism, further enhances Visa’s ability to process transactions rapidly and securely.”
CryptoRank: Visa Rolls Out USDC, PYUSD & EURC on Stellar & Avalanche
“VISA stablecoin expansion reflects rising institutional interest following the GENIUS stablecoin bill signing that happened recently. Major retailers like Walmart and Amazon are exploring their own stablecoins to benefit from reduced transaction fees and instant settlement times. USDC on Stellar offers enhanced cross-border capabilities, while PayPal PYUSD adoption continues expanding across various platforms right now.”
CoinCentral: Visa Supercharges Stablecoin Network with PYUSD, EURC, USDG Across Ethereum, Solana, Avalanche & Stellar
“Visa has added Stellar and Avalanche to its settlement blockchain ecosystem, joining Ethereum and Solana. These two new chains increase the speed and efficiency of settlement activities for global partners. The additions bring diversity in performance and network costs.
“The inclusion of Stellar and Avalanche allows Visa to process transactions across four distinct blockchain environments. This multi-chain approach gives clients the ability to choose networks that suit their use cases best. It improves overall system redundancy and scalability.
“Visa’s stablecoin program supports four blockchains and four stablecoins, setting the foundation for future growth. The expansion aligns with increasing adoption of Web3 payments. Visa aims to deliver the same reliability in blockchain payments as it does in traditional finance.”
Coinspeaker: Visa Expands Stablecoin Integration With RLUSD Rivals
“More importantly, Visa is not stopping with just USDG. The company also added support for two new blockchains, Stellar and Avalanche. According to the update, these networks will allow Visa to process more stablecoin payments, starting with USDC.
“For the first time, Visa is also adding EURC, a euro-backed stablecoin. This is the company’s first non-USD coin on its platform.”