Visa Expands Stablecoin Capabilities Across New Chains and Currencies

Visa has taken another significant step in embracing the digital asset economy by expanding its settlement platform to support a broader range of stablecoins and blockchains, reports PaySpace Magazine. Through a partnership with Paxos, Visa now enables settlement in PayPal USD (PYUSD), Global Dollar (USDG), and Circle’s euro-backed EURC. Alongside Ethereum and Solana, it has added Stellar and Avalanche blockchains to its infrastructure.

This expansion aligns with Visa’s long-term strategy to create a versatile, multi-chain, and multi-currency payments ecosystem. Select pilot partners can now settle transactions using both U.S. dollar- and euro-denominated stablecoins—bringing greater speed, interoperability, and flexibility to global payments.

Visa’s move is part of a broader industry shift toward integrating blockchain into traditional finance. The recent U.S. GENIUS Act has provided regulatory clarity, encouraging adoption by institutions and investors. Meanwhile, competitors like Mastercard and PayPal are also deepening their engagement with stablecoins and blockchain payment systems.

Mastercard has launched initiatives exploring CBDCs and stablecoin settlements with USDC, while PayPal introduced PYUSD for consumer wallets and digital transactions. Banking giants such as JPMorgan, Citi, and Western Union are also actively developing stablecoin solutions to serve cross-border use cases and underbanked markets.

By scaling its stablecoin offerings, Visa is strengthening its position as a leader in next-generation payments—empowering financial institutions, fintechs, and merchants to build faster and more inclusive digital payment experiences.