Visa Expands Stablecoin Support
Global payment giant Visa is once again deepening its presence in the crypto space. According to CEO Ryan McInerney, the company will begin supporting four new stablecoins across four different blockchains, while also enabling banks to mint and burn them. The goal is to strengthen Visa’s services for financial institutions and further develop infrastructure for crypto payments and cross-border transactions.
Visa continues to grow its crypto services
During its Q4 earnings call, McInerney said Visa has seen “extraordinary momentum in the stablecoin space.” Since 2020, the company has facilitated more than $140 billion in crypto and stablecoin transactions. Consumer spending via cards linked to stablecoins has quadrupled year-over-year, reaching a monthly volume equivalent to $2.5 billion annually.
“We’ve expanded the number of stablecoins and blockchains available for settlement, and we’re seeing continued client interest,” McInerney noted.
Four new stablecoins, four new blockchains
Although Visa has yet to reveal the specific names of the stablecoins and networks it will add, the move will further strengthen its already extensive list of supported digital assets.
Currently, Visa supports:
USDC (USD Coin) and EURC (Euro Coin) from Circle,
PYUSD (PayPal USD),
USDG (Global Dollar),
on Ethereum, Solana, Stellar, and Avalanche networks.
These new integrations aim to expand the everyday use of stablecoins — not just for consumers, but especially for banks and financial institutions that can leverage them for faster, more efficient cross-border settlements.
Stablecoins as a bridge between traditional finance and Blockchain
In September, Visa launched its Visa Direct pilot program, allowing banks to pre-fund international payments using USDC and EURC. The new phase of expansion will extend this model even further. McInerney emphasized that Visa will “continue investing in its settlement layer” to add new features and services, including the ability to mint and burn stablecoins.
Analysts say this move could accelerate the adoption of blockchain technology within the traditional financial system. Stablecoins, combining the benefits of crypto (speed, transparency, global access) with low volatility, are increasingly emerging as the future of digital payments.
Visa targets leadership in crypto payments
By expanding its support for stablecoins, Visa reaffirms its long-term commitment to crypto technologies. The company aims to become a key infrastructure player in the digital currency ecosystem — for both crypto companies and banks. “There’s still plenty of work and opportunity ahead of us in this space,” McInerney concluded.
Sources:
https://cointelegraph.com/news/visa-expands-stablecoin-offerings-institutions
https://cointelegraph.com/news/visa-supporting-four-stablecoins-four-blockchains