Ethereum Breakthrough: Visa Expands Stablecoin Settlement to Avalanche and Stellar with PYUSD, EURC, USDG Support
In a groundbreaking move, Visa has expanded its stablecoin settlement capabilities to include Avalanche and Stellar, alongside Ethereum and Solana. This strategic shift supports PYUSD, EURC, and USDG, marking a significant leap in blockchain interoperability and financial flexibility. Here’s what this means for the crypto world.
Why Visa’s Stablecoin Expansion Matters for Ethereum and Beyond
Visa’s decision to integrate Avalanche and Stellar into its stablecoin settlement network underscores the growing institutional adoption of blockchain technology. This expansion enables:
- Faster cross-border transactions with reduced fees.
- Enhanced interoperability between multiple blockchain protocols.
- Greater accessibility for users leveraging stablecoins like PYUSD and EURC.
The Role of Avalanche and Stellar in Visa’s Strategy
Avalanche (AVAX) and Stellar (XLM) have emerged as key players in the crypto space. Visa’s inclusion of these networks highlights their scalability and efficiency. Recent data shows AVAX trading at $22.59 and XLM at $0.40, reflecting steady market confidence.
How Stablecoins Like PYUSD Are Reshaping Global Payments
Stablecoins are no longer just a tool for traders. With Visa’s backing, they are becoming a cornerstone of real-time, low-cost payments. The GENIUS Act’s recent passage in the U.S. further legitimizes their use, setting clear regulatory standards.
What’s Next for Visa and Blockchain Integration?
Visa’s collaboration with Stripe’s Bridge unit for stablecoin-linked debit cards in Latin America signals a broader trend. The company is positioning itself as a leader in the digital-first financial landscape, ready to meet evolving consumer demands.
FAQs
What stablecoins does Visa now support?
Visa supports PYUSD, EURC, and USDG across Ethereum, Solana, Avalanche, and Stellar.
How does this impact Ethereum?
Ethereum remains a core part of Visa’s stablecoin infrastructure, but the addition of Avalanche and Stellar diversifies options for users.
Why are Avalanche and Stellar significant?
Both blockchains offer scalability and low transaction costs, making them ideal for Visa’s settlement needs.
What is the GENIUS Act?
The GENIUS Act is the U.S.’s first federal regulatory framework for stablecoins, ensuring transparency and trust in their use.
