Ethereum News Today: Visa Expands Stablecoin Settlement to Avalanche and Stellar with PYUSD EURC USDG Support

Visa has broadened its stablecoin settlement capabilities by integrating support for three additional stablecoins—PYUSD, USDG, and EURC—across the Avalanche and Stellar blockchain networks. This expansion builds upon Visa’s existing support for Ethereum and Solana, further diversifying its stablecoin infrastructure and reinforcing its position in the growing digital asset ecosystem [1]. The move enables clients to settle transactions using these tokens, enhancing flexibility and efficiency in cross-border and on-chain payments.

The inclusion of Avalanche and Stellar reflects Visa’s strategy to support multiple blockchain protocols, thereby fostering interoperability and accessibility for users. These networks, home to the AVAX and XLM tokens respectively, have seen increasing adoption in the crypto space. AVAX was recently trading at $22.59, while XLM remained at $0.40, according to CoinGecko data [2]. This development aligns with broader trends of institutional adoption and the integration of stablecoins into mainstream financial systems, including their use in remittances and e-commerce.

The timing of Visa’s announcement is significant, coming just weeks after the U.S. passed the GENIUS Act, which introduced the country’s first federal regulatory framework for stablecoins. The legislation sets standards for reserves, audits, and the use of stablecoins in financial markets, offering a clearer regulatory environment for the asset class [3]. Visa’s move can be seen as a strategic alignment with these regulatory developments, reinforcing trust and transparency in stablecoin transactions.

Stablecoins, which are typically pegged to fiat currencies such as the U.S. dollar, have historically been used by traders to move funds without relying on traditional banks. However, their utility is now expanding, with major corporations and financial institutions exploring their use for real-time, low-cost payments. Visa’s global head of growth products and strategic partnerships emphasized that stablecoins have the potential to transform global money movement when they are trusted, scalable, and interoperable [4].

This initiative is part of Visa’s broader digital innovation efforts, which include partnerships such as the recent collaboration with Stripe’s Bridge unit to offer stablecoin-linked debit cards in Latin American countries. By supporting a wider range of stablecoins and blockchains, Visa is positioning itself to meet the evolving needs of a digital-first financial landscape [5].

Source: [1] Visa Supercharges Stablecoin Network with PYUSD, EURC, USDG Across Ethereum, Solana, Avalanche & Stellar (https://coincentral.com/visa-supercharges-stablecoin-network-with-pyusd-eurc-usdg-across-ethereum-solana-avalanche-stellar/)

[2] Visa Expands Stablecoin Settlement Support (https://www.voiceofalexandria.com/news/national_business_news/visa-expands-stablecoin-settlement-support/article_0ca2b5cd-1d84-5431-956c-0230f5728471.html)

[3] Visa Embarks on a New Journey in Global Payment (https://dexalot.com/en/blog/visa-global-payment-evolution-stablecoin-integration)

[4] Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support (https://finance.yahoo.com/news/freightwaves-announces-winners-ai-excellence-140526660.html)

[5] Crypto Short News – Latest Real-Time Updates (https://coinpedia.org/crypto-live-news/)