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Visa is deepening its push into digital assets, announcing plans to support four new stablecoins in four separate blockchains as part of its broader crypto expansion strategy.
Key tips:
- Visa will add four new stablecoins across four blockchains, expanding its digital asset infrastructure and global payment reach.
- The company has facilitated more than $140 billion in stablecoin and crypto flows since 2020.
- Visa plans to let banks mint and burn stablecoins through its tokenized asset platform.
Talking about the company fourth quarter earnings call TuesdayCEO Ryan McInerney said that Visa is “adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to more than 25 traditional fiat currencies.”
The move underscores Visa’s growing reliance on stablecoins as a key bridge between traditional finance and blockchain-based payments.
Visa expands beyond USDC and PYUSD with new Stablecoin integrations
While McInerney did not disclose which stablecoins or networks will be included, the update builds on Visa’s existing integrations.
The company currently supports Circle’s USDC and Euro Coin (EURC), PayPal’s PYUSD and Global Dollar (USDG) on Ethereum, Solana, Stellar and Avalanche.
Visa’s stablecoin ambitions accelerated sharply last year. McInerney highlighted “a particular momentum” in the sector, revealing that Visa has facilitated more than $140 billion in crypto and stablecoin flows since 2020.
The firm’s stablecoin-linked card services saw spending quadruple year-on-year, while its stablecoin network surpassed an annualized rate of $2.5 billion in volume last quarter.
The payments giant is also expanding its role as a bridge for banks entering the stablecoin ecosystem.
Through its Visa Direct pilot, launched in September, the company allows financial institutions to pre-finance cross-border payments with USDC and EURC.
McInerney said the next phase will focus on giving banks the ability to mint and burn their own stablecoins using Visa’s tokenized asset platform, as well as enhancing cross-border money movement via Visa Direct.
“There’s a lot more to come in this space,” McInerney told investors, signaling Visa’s intention to turn stablecoins into a mainstream payment line for global commerce.
The update comes as stablecoin transactions have increased to $46 trillion worldwide, according to industry data, solidifying its role as one of the fastest growing components of the digital financial system.
Western Union will launch Dollar-backed Stablecoin on Solana by 2026
Western Union has also entered the stablecoin market with plans launch the US Dollar payment token (USDPT) on the Solana blockchain in the first half of 2026.
The token, issued by Anchorage Digital Bank, will allow users to move money around the world with lower fees and faster settlement times, reducing reliance on traditional banking intermediaries and volatile currency conversions.
CEO Devin McGranahan described the move as a continuation of Western Union’s 175-year mission to simplify money transfers, this time through blockchain technology.
He said Solana was chosen for its speed, scalability and low-cost transactions, which are crucial for the company’s high-volume remittance business.
By leveraging blockchain rails, Western Union aims to make remittances almost instantaneous and more transparent.
If widely adopted, USDPT could drive the use of stablecoins beyond crypto trading and into everyday payments, bill settlements and cross-border trade, marking a crucial step towards mainstream digital dollar adoption.
