Visa is significantly expanding its digital asset settlement capabilities by integrating new stablecoins and blockchain networks, according to a press release issued Thursday, July 31.
The financial giant is adding support for two additional U.S. dollar-backed stablecoins—Global Dollar and PayPal USD—through a new partnership with Paxos. It is also incorporating the euro-backed stablecoin EURC into its network. With this, Visa now enables settlement in both USD- and EUR-backed stablecoins, enhancing flexibility for global partners.
Visa’s settlement platform is also growing its blockchain reach by including Stellar and Avalanche alongside existing networks like Ethereum and Solana.
“Visa is building a multicoin and multichain foundation to help meet the needs of our partners worldwide,” said Rubail Birwadker, global head of growth products and strategic partnerships at Visa. “We believe that when stablecoins are trusted, scalable, and interoperable, they can fundamentally transform how money moves around the world.”
This expansion is part of Visa’s broader effort to position itself at the forefront of blockchain-powered finance. The move comes amid growing acceptance of stablecoins in both the public and private sectors.
Earlier this week, the White House released its long-awaited report outlining a policy framework for digital assets. The report warned that delaying stablecoin integration could undermine the global dominance of the U.S. dollar. It urged banking regulators to create technology-neutral frameworks that no longer penalize financial institutions for engaging with digital assets.
Industry leaders agree on the growing importance of stablecoins. Stable Sea CEO Tanner Taddeo and Trovata CEO Brett Turner highlighted their appeal in corporate finance, particularly for international settlements.
“Moving $10 to $30 million across borders into exotic corridors typically takes three to five business days,” Taddeo said. “With stablecoins, it can settle in four to eight hours.”
With Visa’s latest move, the line between traditional finance and digital currency continues to blur, bringing faster, cheaper, and more accessible global settlements one step closer to reality.
