Visa Adds USDG and PYUSD to Stablecoin Settlement Options

Visa Inc. has expanded its stablecoin settlement capabilities to include two new U.S. dollar-backed stablecoins—USDG and PYUSD—issued by Paxos Trust Company. The move, announced on July 31, 2025, marks a significant step in Visa’s ongoing integration of blockchain technology into its global payment infrastructure. By supporting these stablecoins, which are fully collateralized by reserves, Visa is enhancing its on-chain settlement options and broadening the range of blockchain networks it supports, including Stellar and Avalanche. This brings the total number of supported blockchains to four, reflecting Visa’s strategy to provide a flexible and scalable infrastructure for digital asset-based transactions [1].

The integration of USDG and PYUSD is part of a broader effort to diversify Visa’s digital currency offerings. Earlier in the year, the company added support for EURC, a euro-backed stablecoin, further expanding its multilingual fiat and stablecoin capabilities. Visa’s CEO, Ryan McInerney, emphasized the importance of these stablecoins in improving the efficiency of cross-border payments, particularly in regions where traditional financial systems face infrastructure challenges. He noted that stablecoins can enable faster, cheaper, and more transparent transactions, especially in corridors with limited banking access [2].

Visa’s expansion also includes the development of a stablecoin treasury stack, which allows for the settlement of transactions using digital assets rather than fiat currency in certain corridors. This initiative is expected to streamline remittances and cross-border transfers by reducing intermediary costs and settlement delays [3]. The company is currently piloting such programs in regions like sub-Saharan Africa, where digital assets are increasingly seen as a viable alternative to traditional currency [4].

The move aligns with a broader trend in the financial sector toward the adoption of digital assets. According to the Coincu research team, Visa’s inclusion of regulated stablecoins could signal a shift in how traditional financial systems integrate digital currencies, with regulatory clarity playing a key role in accelerating this transition. The Paxos stablecoins, already compliant with multiple regulatory frameworks, represent a credible and trusted addition to Visa’s digital offerings [5].

Visa’s recent financial performance also highlights the company’s growth in digital payment services. For the third fiscal quarter ending June 30, 2025, the company reported revenue of $10.2 billion, a 14% year-over-year increase and above analyst forecasts. Cross-border payment volumes and overall transaction growth also outpaced previous periods, with 12% and 8% increases, respectively. McInerney stated that tariffs had not significantly impacted Visa’s operations during this time [6].

Visa’s Tokenized Asset Platform is another key component of its stablecoin strategy, enabling financial institutions to issue their own stablecoins and explore programmable money solutions. The company views this as a strategic avenue for accelerating the digitization of both consumer and commercial payments, particularly in markets with underdeveloped digital infrastructure [7]. Through this initiative, Visa aims to position itself as a leader in the evolving digital payments landscape.

The inclusion of USDG and PYUSD into Visa’s settlement services underscores the company’s commitment to adapting to the growing demand for digital assets in the global financial system. As the stablecoin ecosystem continues to mature, Visa’s multi-chain approach positions it to support a wide range of use cases and currencies, reinforcing its role as a key player in the digital finance space.

Sources:

[1] Visa Expands Stablecoin Settlement Support (https://investor.visa.com/news/news-details/2025/Visa-Expands-Stablecoin-Settlement-Support/default.aspx)

[2] Visa Expands Stablecoin Settlement Platform To Support More Currencies Chains (https://www.moomoo.com/news/post/56224867/visa-expands-stablecoin-settlement-platform-to-support-more-currencies-chains)

[3] Visa Expands Stablecoin Settlement Support - Markets data (https://markets.ft.com/data/announce/detail?dockey=600-202507310800BIZWIRE_USPRX____20250731_BW927549-1)

[4] Visa CEO McInerney expands on the company's stablecoin ... (https://www.americanbanker.com/payments/news/visa-beats-estimates-on-revenue-misses-on-earnings)

[5] Visa (V) Q3 2025 Earnings Call Transcript (https://fortune.com/company/visa/earnings/q3-2025/)