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Visa is taking a major step deeper into digital currencies by adding support for stablecoins on four new blockchains. This marks one of the company’s biggest moves in crypto yet, as more banks and financial firms begin turning to blockchain for faster and cheaper settlements.
The announcement came during Visa’s fourth-quarter and year-end earnings call, where CEO Ryan McInerney confirmed that the company now supports four stablecoins across four different networks. These tokens represent two main fiat currencies and can be converted into over 25 regular currencies worldwide.
This update reflects Visa’s growing push to connect traditional finance with blockchain systems. Over the past year, the company has seen strong growth in its stablecoin-linked payments and settlement services.
Visa’s stablecoin activity is now booming, with transaction volumes surpassing $2.5 billion each month, four times higher than last year’s numbers. Since 2020, Visa has processed more than $140 billion in crypto and stablecoin transactions combined. The firm currently supports some of the biggest stablecoins, including USD Coin (USDC), Euro Coin (EURC), PayPal USD (PYUSD), and Global Dollar (USDG). These operate across Ethereum, Solana, Stellar, and Avalanche, which all offer faster and cheaper transactions than old cross-border systems.
The next step for Visa is to make stablecoins a normal part of banking operations. Through its Visa Direct program, launched in September, banks can already use USDC and EURC to pre-fund international transfers. The company is also developing tools that let banks issue and redeem their own stablecoins through Visa’s tokenised asset platform. This could make moving money across borders faster and less expensive while keeping things compliant with financial rules.
Visa’s expansion shows how blockchain is becoming a bigger part of the global payment system. Stablecoins have become a key link between digital assets and traditional money because they are transparent, programmable, and settle transactions almost instantly.
To keep up with demand, Visa is building new infrastructure and APIs that allow financial institutions to issue, transfer, and redeem tokenised assets directly through its network. With this latest expansion, Visa stands out as one of the few global payment companies actively bridging the gap between traditional banking and blockchain, positioning itself as a frontrunner in the future of digital payments.