Visa Integrates Stablecoins on Avalanche and Stellar

Payment company Visa has expanded its settlement platform by adding support for new stablecoins and blockchains.

In partnership with Paxos, the firm has integrated the stablecoins Global Dollar (USDG) and PayPal USD (PYUSD). To the already supported networks Ethereum and Solana, Stellar and Avalanche have been added.

The payment giant has also begun working with Circle’s EURC stablecoin, which is pegged to the euro.

“Visa is creating a multichain and multicoin foundation to meet the needs of our partners worldwide,” said Rubail Birwadker, head of product development and strategic partnerships.

Thanks to the integration of EURC, some Visa partners in the pilot project will be able to settle in both dollar and euro stablecoins.

The Payment Giant’s Turnover

Visa has settled over $200 million in stablecoins to date. The company called this an important milestone but noted that the technology requires clearer regulations for further scaling.

The company is testing stablecoins through the Visa Direct service, focusing on cross-border transfers where delays persist in traditional systems. Visa is also working on the Visa Tokenized Asset Platform, which will allow banks to issue and use stablecoins for programmable finance.

Visa CEO Ryan McInerney expressed hope for “clearer and more pragmatic regulations” in the US and other countries. In July, President Donald Trump signed the GENIUS Act, the country’s first major cryptocurrency law.

BitSave head Zahila Suresh told Decrypt that currently only 10-20% of stablecoin transactions are related to payments. The rest are for trading and providing liquidity. He predicts that within a year, the share of payments will exceed 50% as regulations emerge.

Blockon Ventures founder Jagdish Pandya compared the current state of the stablecoin market to e-commerce in the late 1990s. He noted that Visa’s daily transaction volume of $5 trillion-$7 trillion far exceeds the $20 billion-$30 billion in stablecoins. However, he expects widespread adoption of digital assets in the next decade.

Back in May, Visa invested in the British startup BVNK, which is developing infrastructure for stablecoin transactions.