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Visa expands stablecoin settlement platform with Stellar, Avalanche, and new stablecoins PYUSD, USDG, and EURC.
ByAinvest
Friday, Aug 1, 2025 8:22 am ET1min read
Visa has expanded its stablecoin settlement platform, adding Stellar and Avalanche as supported blockchains and three new stablecoins: PayPal USD, Global Dollar, and EURC. This brings the total number of supported networks to four and supports Visa's strategy to build a multi-chain, multi-currency foundation for interoperable global payments.
Visa has announced a significant expansion of its stablecoin settlement platform, adding Stellar and Avalanche as supported blockchains and three new stablecoins: PayPal USD, Global Dollar, and EURC. This move brings the total number of supported networks to four and aligns with Visa's strategy to build a multi-chain, multi-currency foundation for interoperable global payments.The expansion includes two new USD-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), through a partnership with Paxos. Additionally, Visa has added support for the euro-backed stablecoin EURC, developed by Circle. These additions, along with Ethereum and Solana, now make four blockchains supported by Visa for settlement transactions.
Visa's global head of growth products and strategic partnerships, Rubail Birwadker, emphasized that the company is building a multi-coin and multi-chain foundation to meet the needs of its partners worldwide. He believes that trusted, scalable, and interoperable stablecoins can fundamentally transform how money moves around the world.
The integration of EURC into the Visa Network allows select pilot partners to access settlement in both USD- and EUR-backed stablecoins, extending Visa's crypto and treasury infrastructure capabilities. This expansion is part of Visa's broader mission to create a secure, reliable, and globally accessible payments network that includes everyone.
Visa's network already supports more than 25 fiat currencies, and the addition of EURC and the new stablecoins and blockchains aims to further reduce friction and increase speed for cross-border and on-chain transactions. The company continues to build on years of real-world pilots and live stablecoin settlement activity.
Despite the expansion, the actual usage of stablecoins for retail transactions remains limited. According to Cuy Sheffield, head of crypto at Visa, stablecoins are primarily used for high-value transfers, B2B payments, and cross-border transactions, with retail spending at merchants still a small part of the overall stablecoin activity.
Reference List:
[1] https://investor.visa.com/news/news-details/2025/Visa-Expands-Stablecoin-Settlement-Support/default.aspx
[2] https://thedefiant.io/news/tradfi-and-fintech/visa-adds-support-for-pyusd-and-usdg-expands-settlement-to-stellar-and-avalanche
[3] https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21581.html
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