Visa has expanded its stablecoin settlement infrastructure to include support for three new tokens—PayPal's PYUSD, Paxos-issued USDG, and Circle's EURC—across the Avalanche and Stellar networks. This move adds to its existing capabilities on Ethereum and Solana. The announcement comes shortly after the U.S. passed the GENIUS Act, establishing a federal regulatory framework for stablecoins. Visa’s Head of Crypto, Cuy Sheffield, clarified that despite market challenges, Visa remains committed to advancing its cryptocurrency initiatives. The firm believes that trusted and scalable stablecoins can transform monetary transactions globally. Historically, stablecoins have been employed mainly by traders, but interest from banks and major corporations is increasing. With the recent legislative support, stablecoins are seen as a means to enhance payment systems through blockchain technology.

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