Visa to Support New Stablecoins on Multiple Blockchains, Expanding Crypto Infrastructure
Darius Baruo Oct 29, 2025 19:36
Visa plans to integrate four new stablecoins across various blockchains, enhancing its digital asset capabilities and global payment solutions, according to Cryptonews.
Visa is poised to significantly enhance its digital asset infrastructure by adding support for four new stablecoins across four distinct blockchains. This move is part of Visa's broader strategy to expand its reach in the global payment landscape, as reported by Cryptonews.
Visa's Strategic Expansion in the Crypto Arena
During a recent earnings call, Visa's CEO, Ryan McInerney, announced the company's plan to integrate stablecoins that can be converted into over 25 traditional fiat currencies. This development underscores Visa's confidence in stablecoins as a crucial link between traditional finance and blockchain-based payment systems. Since 2020, Visa has facilitated over $140 billion in stablecoin and crypto transactions, reflecting its growing influence in the digital currency space.
Current and Future Stablecoin Integrations
Although McInerney did not specify which stablecoins or blockchains would be included, Visa's current integrations feature Circle’s USDC and Euro Coin (EURC), PayPal’s PYUSD, and Global Dollar (USDG) across platforms like Ethereum, Solana, Stellar, and Avalanche. Visa's commitment to stablecoins is evident as the company has seen a quadrupling of spending through its stablecoin-linked card services over the past year.
Furthermore, Visa is extending its role as a facilitator for banks entering the stablecoin ecosystem. Through its Visa Direct pilot, initiated in September, the company allows financial institutions to pre-fund cross-border payments using USDC and EURC.
Future Developments and Market Impact
McInerney highlighted the potential for banks to mint and burn their own stablecoins using Visa’s tokenized asset platform. This initiative aims to strengthen cross-border money movement via Visa Direct, positioning stablecoins as a mainstream payments rail for global commerce.
The announcement aligns with the broader market trend, as stablecoin transactions have surged to $46 trillion globally, according to industry data. This highlights the growing role of stablecoins in the digital financial system and Visa's strategic positioning within this burgeoning market.
Western Union's Entry into the Stablecoin Market
In related news, Western Union is set to launch a dollar-backed stablecoin, the US Dollar Payment Token (USDPT), on the Solana blockchain by 2026. This initiative, led by Anchorage Digital Bank, aims to offer users a more efficient and cost-effective means of transferring money globally. Western Union CEO Devin McGranahan emphasized the benefits of Solana's speed and low-cost transactions for their high-volume remittance business.
Western Union's foray into stablecoins represents a significant shift towards blockchain technology in simplifying money transfers, potentially driving widespread adoption of digital dollars for everyday payments and cross-border commerce.
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