Visa Just Supercharged Crypto: Stellar & Avalanche Join Its Settlement Platform with 3 New Stablecoins
Visa’s playing chess while legacy finance plays checkers. The payments giant just expanded its crypto settlement platform to Stellar and Avalanche—and tossed three stablecoins into the mix. TradFi banks, meet your obsolescence.
Why This Matters
No more waiting days for cross-border settlements. Visa’s blockchain pivot slashes settlement times from weeks to seconds. The new stablecoin support? Just the cherry on top for institutions dipping toes into DeFi without the volatility.
The Cynical Take
Watch traditional banks scramble to ‘innovate’ now that Visa’s eating their lunch. Spoiler: Their ‘blockchain solutions’ will still require 17 middlemen and a fax machine.