Two Dollar-Backed Stablecoins, Two Blockchains, and EURC Make Their Way to Visa’s Payment Network

• Visa is expanding its support for stablecoin settlement.
• Global Dollar (USDG) and PayPal USD (PYUSD) will be available on Visa.
• Visa will activate support for Stellar and Avalanche, and integrate EURC.

Leading card payment organization, Visa, is expanding its stablecoin settlement support, according to an announcement. The payment platform will add two USD-backed stablecoins, two blockchains, and the euro-backed EURC.

Visa consolidates leadership status

In its latest announcement, Visa confirmed it would consolidate its leadership as a payment platform in the stablecoin space by enabling support for two additional dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD). The platform will also activate support for the Stellar and Avalanche blockchains, and integrate Circle’s euro-backed EURC.

Notably, Visa aims to leverage the addition of dollar-backed stablecoins to expand its service and bring the transformative power of more trusted stablecoins to its partners. In the meantime, adding Stellar and Avalanche to its network will double the number of blockchains running on its platform. The payment protocol already has Ethereum and Solana…

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