Global payments giant Visa has revealed plans to expand its stablecoin offerings, reinforcing its strategic pivot toward blockchain based financial infrastructure.
In a press release, Visa confirmed the integration of four additional stablecoins as a way to stay competitive in an increasingly crowded market.
Accordingly, Visa’s settlement platform will now support Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC), and Circle’s USD Coin (USDC).
Visa has also added Stellar and Avalanche to its list of supported networks, which previously included Ethereum and Solana.
The stablecoin offerings allow Visa users to send and receive payments using stablecoins across these networks. They can also convert balances into traditional fiat currencies.
The new expansion is expected to enhance speed, reduce transaction costs, and broaden interoperability across blockchain ecosystems.
Visa’s move comes with growing interest among traditional financial institutions, tech firms, and even major retailers.
Stablecoins are rapidly emerging as a cornerstone of modern digital payments.
The total market capitalization of stablecoins has now surpassed $256 billion.
What is driving Visa’s Stablecoin Offerings?
The institutional pivot toward stablecoins has been accelerated by favorable regulatory developments like the U.S. GENIUS stablecoin bill.
The legislation provides clearer legal frameworks for issuance and compliance, prompting a wave of corporate activity.
Visa’s expansion is not happening in isolation.
Mastercard has already made significant inroads into crypto and blockchain services.
As of June, Mastercard reported that it had tokenized 30% of its total transactions.
Mastercard is actively partnering with crypto platforms to enable crypto payments while also exploring identity verification and fraud prevention.
Other major players are also entering the fray. Tech behemoths Amazon and Walmart are reportedly exploring the launch of their own stablecoins.
This move could revolutionize cross-border commerce by enabling near-instant settlement and slashing remittance fees.
In the banking sector, JPMorgan has teamed up with Coinbase to allow Chase customers to link accounts directly with the crypto exchange.
Bank of America CEO Brian Moynihan has also hinted at plans to issue a proprietary stablecoin to modernize the bank’s payment infrastructure.
As Visa doubles down on blockchain adoption, the move signals a broader transformation within the global payments industry.
Stablecoins are quickly becoming integral to financial services and companies that fail to adapt risk being left behind.
Visa’s latest expansion solidifies its commitment to playing a leading role in this evolving landscape where stablecoins may soon dictate the future of global commerce.
