What happened? Visa is adding support for four new stablecoins across four different blockchains.
Visa announced it will accept four additional stablecoins on four separate blockchains and can convert them into over 25 fiat currencies. The company already supports USDC, EURC, PYUSD and USDG and says it has facilitated more than $140 billion in crypto and stablecoin flows since 2020. Visa also plans to let banks mint and burn stablecoins via its tokenized asset platform and to expand Visa Direct for faster cross-border payments.
Who does this affect? Banks, payment firms, remittance companies, stablecoin issuers, and anyone who moves money across borders.
Banks that want to issue or use stablecoins will be directly impacted because Visa plans to give them minting and burning capabilities and on‑ramps to tokenized rails. Payment processors, fintechs, and remittance providers could integrate these rails to offer cheaper and faster transfers. Everyday consumers and businesses that send or receive cross‑border payments may see lower fees and quicker settlement times as these systems scale.
Why does this matter? Because it can speed mainstream adoption of stablecoins and reshape the payments market.
From a market perspective, Visa’s move signals stronger institutional backing for stablecoins, which can boost liquidity and transaction volumes across supported chains. Enabling banks and big payment networks to use stablecoins could pull share away from traditional correspondent banking and reduce cross‑border costs. If adoption grows, expect increased competition in payments, bigger stablecoin settlement volumes, and more regulatory attention as large sums migrate to tokenized rails.