Ethereum News Today: Visa’s Bold Move Adds 3 Stablecoins and Expands to 4 Blockchains
In a groundbreaking development for the crypto world, Visa has taken a massive leap forward by integrating three new stablecoins—EURC, PYUSD, and USDG—and expanding its blockchain support to four networks. This move signals a major shift in global digital payments, offering faster and more efficient transactions. Here’s what you need to know.
Visa’s Stablecoin Expansion: A Game-Changer for Digital Payments
Visa has added Circle’s EURC, PayPal USD (PYUSD), and Paxos Global Dollar (USDG) to its digital asset settlement platform. These stablecoins operate across four blockchains:
- Ethereum
- Solana
- Avalanche
- Stellar
This multi-chain approach enhances transaction speed and reduces costs, making cross-border payments smoother than ever.
Why EURC Matters for Global Transactions
EURC, pegged 1:1 to the euro, addresses the growing demand for euro-denominated digital payments. Its inclusion allows:
- Stable and transparent euro transactions
- Efficient cross-border settlements in Europe
- Reduced reliance on traditional banking systems
Visa’s Multi-Chain Strategy: The Future of Blockchain Support
By supporting Ethereum, Solana, Avalanche, and Stellar, Visa is betting big on interoperability. This strategy offers:
- Flexibility for financial institutions
- Scalability for high-volume transactions
- Faster settlements with lower fees
What This Means for the Crypto Industry
Visa’s move highlights the growing role of stablecoins in payments. While most stablecoin transactions are currently for trading, experts predict a shift toward real-world payments as regulatory clarity improves.
FAQs
Which stablecoins did Visa add?
Visa added EURC, PYUSD, and USDG, bringing its total supported stablecoins to four.
Which blockchains does Visa now support?
Ethereum, Solana, Avalanche, and Stellar.
Why is EURC significant?
EURC provides a euro-backed stablecoin, facilitating efficient euro-denominated transactions.
How much has Visa processed in stablecoin transactions?
Over $200 million to date.
What’s next for Visa in crypto?
Visa aims to expand its multi-coin foundation and push for clearer regulations to scale digital payments.
