Visa has expanded its stablecoin settlement capabilities, adding support for Global Dollar (USDC), PayPal USD (PYUSD), and Euro Coin (EUROC), along with two new blockchain networks, Stellar and Avalanche.
This move allows users to send and receive payments with stablecoins through these blockchains or convert balances into traditional fiat currency, Visa announced on Thursday.
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Previously, Visa supported Circle's USD Coin (USDC) on the Ethereum and Solana networks, and now extends to Stellar and Avalanche.
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The expansion comes at a time when institutional interest in stablecoins is increasing, driven by the US GENIUS Act and growing adoption by banks, technology companies, and retailers.