Payments giant Visa is expanding its settlement platform to support additional stablecoins, blockchains and use cases, broadening its role in Web3 payments.
In a July 31 press release, the company said it will add two new U.S. dollar-pegged stablecoins — Global Dollar (USDG) and PayPal USD (PYUSD) — through a partnership with Paxos, a blockchain infrastructure provider.
Visa is also integrating Circle’s euro-pegged EURC stablecoin and extending blockchain support to Stellar and Avalanche, alongside Ethereum and Solana, according to the release.
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