The post Visa Adds New Stablecoins and Blockchain Networks to Payment Platform appeared on BitcoinEthereumNews.com.

Payment giant Visa has expanded its digital currency settlement system by adding support for three new stablecoins and two blockchain networks. The company now accepts PayPal USD (PYUSD), Global Dollar (USDG), and euro-backed EURC for transactions, while adding Stellar and Avalanche networks to its platform. This expansion brings Visa’s total support to four stablecoins and four blockchain networks. The payment processor already worked with USD Coin (USDC) on Ethereum and Solana networks before this latest update. Partnership With Paxos Drives Expansion Visa partnered with blockchain company Paxos to add the two new dollar-backed stablecoins. USDG launched recently in Europe under new crypto regulations, while PYUSD comes from PayPal’s digital currency efforts. Cuy Sheffield, Visa’s head of crypto, announced the updates on social media, noting growing demand from fintech and crypto partners in the Global Dollar network. He emphasized Visa’s commitment to building “world class onchain treasury capabilities” as the industry moves toward a “multi-stablecoin, multi-chain world.” Source: cuysheffield “Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide,” said Rubail Birwadker, Visa’s Global Head of Growth Products and Strategic Partnerships. He added that trusted stablecoins “can fundamentally transform how money moves around the world.” The timing aligns with major regulatory changes. The USDG launch happened weeks after Paxos received approval under Europe’s new MiCA crypto framework. The U.S. also passed the GENIUS Act this year, creating the first federal rules for stablecoins. Why Stablecoins Matter for Payments Traditional international money transfers often take days and cost significant fees. Banks use older systems like SWIFT that require multiple steps and intermediaries. A typical payment from Europe to the U.S. can cost $25-50 and take 1-3 business days to complete. Stablecoins work differently. They use blockchain technology to move money almost instantly with minimal fees.…

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Filed under: News - @ August 3, 2025 5:23 am