Visa Expands Stablecoin Settlement to Four Coins and Four Blockchains

Visa has expanded its stablecoin settlement platform to include support for two U.S. dollar-backed stablecoins—Global Dollar (USDG) and PayPal USD (PYUSD)—as well as the euro-backed EURC stablecoin. The integration is part of Visa’s broader effort to enhance its Web3 capabilities by supporting multiple blockchains, including Stellar and Avalanche, in addition to existing networks like Ethereum and Solana [1]. This development doubles the number of blockchains active on Visa’s platform and expands the range of stablecoins available for settlement.

Visa’s global head of growth products and strategic partnerships, Rubail Birwadker, highlighted the importance of building a “multi-coin and multi-chain foundation” to meet the evolving needs of its global partners. The company stated that select pilot partners will now be able to settle transactions using both USD- and EUR-backed stablecoins, in addition to the more than 25 fiat currencies already supported [2].

Cuy Sheffield, Visa’s head of crypto, noted that the company’s objective is to “bridge any stablecoin, representing any currency, from any blockchain,” ensuring flexibility for its clients. The addition of USDG and PYUSD, both fully backed by the U.S. dollar, aligns with a broader regulatory shift in the U.S., which has created a clearer legal environment for financial institutions to expand their stablecoin offerings [3].

The integration of EURC, a euro-pegged stablecoin issued by Circle, further diversifies the currency options available for cross-border transactions. Visa’s collaboration with Paxos, a leading blockchain infrastructure provider, facilitates the inclusion of these stablecoins in its settlement infrastructure [4]. This move underscores the company’s continued leadership in the digital asset space.

Despite the expansion, stablecoins have not yet transformed everyday retail payments. According to Cuy Sheffield, stablecoin transactions represented less than 1% of total activity in the past 12 months, with most transactions occurring as deposits or withdrawals on crypto exchanges. While stablecoins are increasingly used for high-value transfers, B2B payments, and cross-border settlements, their role in retail commerce remains limited [5].

The stablecoin market has, however, seen significant growth, with its total market capitalization surpassing $273 billion as of press time—up from under $10 billion in 2020. BlackRock recently identified stablecoins as one of five “mega forces” influencing investment returns, noting their potential to streamline payments and reinforce the U.S. dollar’s global dominance [6].

Visa’s latest updates reinforce its commitment to leading the digital payments landscape by supporting four stablecoins and four blockchains for settlement. This expansion highlights its role as a key player in the integration of digital assets into traditional financial systems [7].

Sources:

[1] title: Visa Adds Support for PYUSD and USDG, Expands ... (url: https://thedefiant.io/news/tradfi-and-fintech/visa-adds-support-for-pyusd-and-usdg-expands-settlement-to-stellar-and-avalanche)

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

[3] title: Visa Now Supports Avalanche and Stellar & 3 Stablecoins (url: https://www.mitrade.com/insights/news/live-news/article-3-1004580-20250801)

[4] title: Visa Expands Stablecoin and Blockchain Support (url: https://thepaypers.com/crypto-web3-and-cbdc/news/visa-expands-stablecoin-and-blockchain-support)

[6] title: Visa Doubles Down on Digital Payments with New ... (url: https://coincentral.com/visa-doubles-down-on-digital-payments-with-new-stablecoin-support/)

[7] title: Visa Expands Stablecoin Ecosystem To Include PayPal, ... (url: https://www.mitrade.com/insights/news/live-news/article-3-1005788-20250801)