Visa expands stablecoin settlement to include PayPal's PYUSD, Paxos-issued USDG, Circle's EURC, and adds support for Stellar and Avalanche

Visa has expanded its stablecoin settlement platform to support three new stablecoins and two additional blockchains, extending the reach of its onchain payment infrastructure.

The payments giant now supports PayPal’s PYUSD stablecoin, Global Dollar (USDG) — a dollar-backed stablecoin issued by Paxos as part of an industry-backed initiative — and Circle’s euro-backed EURC. These additions join Circle’s USDC, which Visa began piloting for settlement in 2021.

Visa has also added Stellar and Avalanche to its platform, expanding its blockchain coverage beyond Ethereum and Solana. With these updates, Visa’s stablecoin infrastructure now supports four stablecoins (USDC, PYUSD, USDG and EURC) and operates across four networks (Ethereum, Solana, Stellar and Avalanche).

With EURC now integrated, select pilot partners can settle transactions in both dollar- and euro-backed stablecoins, Visa said. The stablecoin support builds on Visa’s existing global treasury infrastructure, which already enables settlement in over 25 fiat currencies. Running alongside its traditional system, the expanded platform gives partners more flexibility in how they move funds across borders and blockchains.

“Visa is building a multi-coin and multi-chain 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.”

Beyond stablecoin settlement, Visa has also been working with card issuers to bring stablecoin-linked payment products to market. The company says growing demand from developers, banks, and merchants is driving the need for a more interoperable and flexible settlement layer.

The expansion comes just weeks after the passage of the GENIUS Act in the U.S., a new law that provides regulatory clarity for stablecoins and sets guidelines for how banks can build digital payments infrastructure. Stablecoins are increasingly seen as one of crypto’s most promising applications, with some analysts projecting the market could grow to over $2 trillion in the coming years, up from around $273 billion today.