Visa to support settlements for USDG, PYUSD, and EURC

Visa is adding settlement support for two additional USD-backed stablecoins, two blockchains, and Circle’s euro-backed EURC. The firm will add settlement support for Global Dollar (USDG) and PayPal USD (PYUSD) to transform two of its most trusted USD-backed digital assets.

The payments platform will also add support for two blockchains, Stellar and Avalanche, adding to its support of Ethereum and Bitcoin. The firm said it’s building on its leadership in the industry to enable support for more stablecoins to improve settlement transactions.

Visa partners with Paxos to offer stablecoin settlement solutions

Today, @Visa announced support for Paxos‑issued USDG and PYUSD in its stablecoin settlement offering.

Honored to join forces with one of the world's leading payment innovators to shape the future of financial rails. pic.twitter.com/e3ReplVN0K

— Paxos (@Paxos) July 31, 2025

The payment processing firm will add settlement support for stablecoins through a new partnership with blockchain platform Paxos. The digital payments platform seeks to add stablecoin settlement support as global interest in stablecoins takes centre stage. 

The company’s CEO, Ryan McInerney, said that Visa has been testing stablecoins on its Visa Direct platform to make international transactions faster and more cost-effective. He also argued that currency-backed digital assets can improve inefficiencies in local banking systems in emerging markets.

“Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide. We believe that when stablecoins are trusted, scalable, and interoperable, they can fundamentally transform how money moves around the world.”

–Rubail Birwadker, Global Head of Growth Product and Strategic Partnership at Visa.

The payment processing firm said the initiative is meant to build on years of real-world pilots and live stablecoin settlement activity. The firm acknowledged that the additions to its growing list of digital assets will enable the platform to support four stablecoins and four blockchains.

Visa said it requires a network that enables interoperability across multiple blockchains. The firm added that such networks will help scale stablecoin-linked cards. The payments platform also acknowledged that it requires a network that enables flexible settlement options that directly accept stablecoin settlements with cards on multiple blockchains. 

The payment processing firm also has a Tokenized Asset Platform that supports financial institutions in issuing stablecoins. The platform aims to help financial institutions develop programmable money solutions.

Visa seeks to expand stablecoin settlement to CEMEA and Latin America

In June, the digital payments firm announced plans to expand settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. The payments platform also bolstered partnerships with Yellow Card in sub-Saharan Africa to establish its stablecoin treasury and settlement capabilities.

Godfrey Sullivan, Visa’s senior vice president and head of product and solution for CEMEA, said the company believes every institution moving money will require a stablecoin strategy. He maintained that the payment processing firm is ready to help its partners through the transformation by helping them build the next generation of global payments.

The firm said expanding its stablecoin settlement solution in CEMEA will enable cross-border transactions in USD through blockchain technology. Visa added that the initiative will improve liquidity management, reduce settlement costs, and support 365-day settlements, including weekends and holidays. The payments network became the first to settle transactions in stablecoins and has settled over $225 million in stablecoin volume to date.

In April, the payment processing firm also partnered with Bridge to offer stablecoin-linked Visa cards to its end customers in multiple countries through a single API integration. The firm said the initiative will enable cardholders to make everyday purchases at any merchant location that accepts Visa. 

The card will also allow customers to connect to digital wallets. Visa’s chief product and strategy officer, Jack Forestell, said the partnership will help to make stablecoins usable in everyday life. 

The payment processing firm also hopes to integrate the issuance of new card programs in multiple countries, including Argentina, Colombia, Ecuador, Mexico, Chile, and Peru. The firm said it wants to focus on Latin America to promote the use of stablecoins in businesses to store value and fund everyday purchases.

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.