Until now Visa’s stablecoin settlement platform supported only Circle’s USDC token. Yesterday the card company announced the addition of support for two Paxos issued coins, the Global Dollar (USDG) and PayPal’s PYUSD. While all three are US dollar backed, the company is now adding euro support through Circle’s EURC.
On top of the expanded range of stablecoins, the settlement platform will now support additional blockchains, adding Stellar and Avalanche to its existing Ethereum and Solana support.
For many years the company has supported the use of stablecoins for payments using Visa branded crypto exchange cards. Visa first started supporting stablecoins for settlement in 2023, with Worldpay and Nuvei as the first to go live.
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