Visa’s (V) settlement platform is adding support for two additional USD-backed stablecoins, two blockchains and the euro-backed EURC. Through a new partnership with Paxos, Visa will be able to support two additional dollar-backed stablecoins, Global Dollar and PayPal, bringing the power of two more stablecoins to partners. Visa has added support for two blockchains, Stellar and Avalanche, in addition to already supported chains, Ethereum and Solana. Visa has integrated Circle’s euro-backed stablecoin, EURC. With EURC integrated into the Visa Network, select pilot participating Visa partners can now access settlement in both USD- and EUR-backed stablecoins. This extends Visa’s crypto and treasury infrastructure capabilities which already facilitates settlement in more than 25 fiat currencies worldwide.
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