Global payments giant Visa announced that it has expanded its stablecoin-supported payment infrastructure. Visa will now support the Stellar (XLM) and Avalanche (AVAX) blockchains, the company announced today, adding two new networks to its existing Ethereum and Solana support. With the new update, Visa will begin supporting two dollar-denominated stablecoins, PayPal USD (PYUSD) and Global Dollar (USDG), in partnership with Paxos, while also supporting the euro-denominated EURC stablecoin issued by Circle. This means Visa's platform now supports payments in both US dollars and euros. Supporting four stablecoins, USDC, PYUSD, USDG, and EURC, on four different blockchains in total, Visa aims to accelerate cross-border transactions and increase inter-system compatibility for fintech companies, banks, and digital wallet developers with this step. Related News: Investment Company President Discusses SEC's Historic Bitcoin Decision Yesterday: “Much Bigger Than Expected” Visa was one of the traditional payments giants to enter the stablecoin space early with its pilot with USDC in 2020. Last year, it also launched a tokenization platform to help banks and institutions issue tokens and stablecoins. Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, made the following statement on the subject: “We believe that stablecoins, if reliable, scalable, and interoperable, have the potential to fundamentally change how money moves around the world. At Visa, we are building a multi-coin, multi-chain architecture to meet the needs of our global partners.” *This is not investment advice. Continue Reading: Visa Announces It Has Added Two Altcoin Networks to Its Payment Infrastructure – One of Them Is XRP’s Biggest Competitor
