Visa Expands Stablecoin Settlement With Multi-Coin, Multi-Chain Rollout

Broader Global Access as Visa Adds USDG, PYUSD, EURC, Stellar, and Avalanche

Visa announced a major expansion of its stablecoin settlement capabilities on July 31, adding support for three additional stablecoins—Global Dollar (USDG), PayPal USD (PYUSD), and Circle’s euro-backed EURC—alongside two new blockchains, Stellar and Avalanche. The move builds on the company’s existing integrations with Ethereum, Bitcoin, and Solana, extending its capacity to operate across multiple coins and chains in an effort to streamline blockchain-based settlement at scale.

Partnerships are central to this expansion. Visa is working with Paxos to integrate USDG and PYUSD into its global settlement framework, while EURC enters the company’s pilot program, allowing partners to process payments in both dollar- and euro-denominated stablecoins. The network also continues its collaboration with Bridge to issue stablecoin-linked Visa cards in multiple markets, broadening merchant acceptance for blockchain-based assets.

Visa’s Global Head of Growth Product & Strategic Partnership, Rubail Birwadker, outlined the broader vision: “Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide. We believe that when stablecoins are trusted, scalable, and interoperable, they can fundamentally transform how money moves around the world.” The expansion targets faster, lower-cost, and more flexible settlement processes, as well as interoperability between multiple blockchains, supporting the company’s longer-term goal of scalable stablecoin-linked card programs.

The company is targeting growth across key regions. In Central and Eastern Europe, the Middle East, and Africa, Visa is working with partners like Yellow Card to facilitate cross-border payments in USD via blockchain. In Latin America, the plan includes issuing stablecoin-linked cards in Argentina, Colombia, Ecuador, Mexico, Chile, and Peru to support both business and consumer transactions.

Stablecoin use on Visa’s network remains small compared to its traditional volumes but is expanding. The company has processed over $225 million in stablecoin settlement volume to date, with earlier pilot tests accounting for an additional $200 million. While Visa’s overall daily transaction volume sits between $5 trillion and $7 trillion, compared to stablecoins’ $20–$30 billion daily settlement activity, industry executives anticipate significant growth. BitSave CEO Zakhila Suresha noted that only 10–20% of stablecoin transactions currently involve payments, with most focused on trading and liquidity, but expects payment use to surpass 50% within a year given regulatory clarity.

Visa is also testing stablecoins through Visa Direct for faster, lower-cost cross-border transfers and leveraging its Tokenized Asset Platform to allow financial institutions to issue programmable money and stablecoins directly. The company sees these tools as essential to building out next-generation payment use cases.

Regulatory progress remains a decisive factor. Visa CEO Ryan McInerney has stressed the need for “clearer, more pragmatic regulations” both in the U.S. and abroad. A significant step came in July when President Donald Trump signed the GENIUS Act, marking the country’s first major cryptocurrency law. Visa signals that these developments could accelerate mainstream adoption of stablecoin settlements.

Stablecoin settlement provides operational benefits beyond traditional rails, including 365-day transaction capability, improved liquidity management, lower settlement costs, and faster settlement times. These advantages make it easier for merchants to accept stablecoin-linked Visa cards, enabling cardholders to make purchases at any Visa-accepting location globally.

Visa’s position as the first global network to settle transactions in stablecoins underscores its intent to bridge traditional finance and blockchain-based payment systems. Blockon Ventures founder Jagdish Pandya compared today’s stablecoin market to the early days of e-commerce in the 1990s, predicting a similar growth curve as the technology matures and gains consumer trust.

This article has been refined and enhanced by ChatGPT.