Visa has expanded its stablecoin settlement platform to support PayPal’s PYUSD, Paxos-issued USDG, and Circle’s EURC, alongside adding Stellar and Avalanche blockchains. This broadens its multichain infrastructure to four stablecoins and four networks, including Ethereum and Solana. The move enhances cross-border payment flexibility amid growing stablecoin adoption.
Visa announced support for three new stablecoins—PayPal’s PYUSD, Paxos’ USDG, and Circle’s EURC—joining existing USDC on its settlement platform. The platform now spans four blockchains: Ethereum, Solana, Stellar, and Avalanche, enabling pilot partners to settle in both dollar- and euro-backed stablecoins. This builds on Visa’s global treasury infrastructure for over 25 fiat currencies, offering greater interoperability for cross-border and cross-chain fund movements. Visa’s global head of growth products emphasized building a multi-coin, multi-chain foundation to transform global money movement. The expansion follows the U.S. GENIUS Act providing stablecoin regulatory clarity and aligns with projections of the stablecoin market reaching $2 trillion.