Visa Doubles Down on Crypto: Partners with Paxos & Circle to Supercharge Stablecoin Adoption
Visa just threw gasoline on the stablecoin revolution—teaming up with Paxos and Circle to turbocharge mainstream crypto payments. The payments giant isn’t dipping a toe in; it’s diving headfirst into the dollar-pegged future.
Why this matters: Stablecoins are crypto’s Trojan horse for Wall Street. Visa’s move signals that even legacy finance can’t ignore the $150B+ stablecoin market anymore—no matter how much they pretend to ‘hate’ volatility.
The partners: Paxos brings its regulatory mojo (hello, PYUSD), while Circle’s USDC dominates as the institutional favorite. Together, they’re building rails to make Visa the bridge between fiat and crypto—with the usual 2-3% transaction fee, of course.
Bottom line: When Visa starts playing in crypto sandboxes, banks pay attention. But let’s be real—they’ll adopt this ‘disruptive tech’ just in time to take credit for inventing it.
New Stablecoins Added
Visa has added support for two new dollar-backed stablecoins. One is PayPal USD (PYUSD) issued by Paxos and used by PayPal and another is Global Dollar (USDG), also issued by Paxos.
These are in addition to a new collaboration with Paxos, a regulated digital asset specialist. This step introduces additional choices for users and developers looking to settle in stable digital currency.
Visa is also adding support for EURC, a euro-backed stablecoin from Circle, the company behind USDC. This means Visa’s partners can now settle transactions in both U.S. dollars and euros using blockchain technology.
Support for More Blockchains
In addition to new stablecoins, Visa is adding more blockchain networks. It has included stellar and Avalanche, both with their reputation for speed and low fees, to make stablecoin transactions faster and cheaper.
These add to Visa’s current backing of ethereum and Solana. Four stablecoins on four blockchains are now supported by Visa’s stablecoin settlement technology.
Why This Matters
Visa’s vision is to enable stablecoin payments to be scalable, trusted, and interoperable. With support for more coins and chains, Visa is making it easier for wallets, developers, fintechs, and banks to use digital assets in daily transactions. Visa’s objective is to make stablecoin payments scalable, trustworthy, and interoperable.
Visa indicates it is interested in facilitating reduction of the friction that remains present in cross-border payments, wherein there is delay and high charges. Stablecoins provide a cheaper, quicker solution, and Visa is creating the infrastructure to facilitate them on a large scale.
Also Read: Visa Expands Stablecoin Business in Europe, Middle East, Africa
