Visa Expands Stablecoin Support Across Four Blockchains in Major Crypto Push

Visa, the global payments giant, has announced their plans to support four new stablecoins across four different blockchains. This new step signifies the company’s broader strategy to integrate digital assets into its mainstream financial services.

CEO Ryan McInerney spoke during Visa’s Q4 earnings call on 28 October 20205 and explained that the goal of this expansion is to accelerate the company’s adoption of blockchain-based payments while enhancing cross-border settlement effectively. He told the investors, “We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies.”

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Although the company has not disclosed which blockchains or stablecoins are included in its plans, Visa already supports major coins such as EURC (Euro Coin), USDC (USD Coin), USDG (Global Dollar), and PYUSD (PayPal USD) on major blockchains such as Ethereum, Stellar, Avalanche, and Solana.

While highlighting the company’s growing involvement in the stablecoin-based payments, the CEO noted that Visa has facilitated over $140 billion in stablecoin and crypto transactions since 2020. McInerney added that the global consumers using Visa’s stablecoin-linked cards have increased fourfold over the fourth quarter as compared to the same quarter of the previous year. The monthly transaction volumes have now exceeded a $2.5 billion annualized run rate.

Visa’s ongoing investments signal a commitment to merging traditional finance with digital currencies. McInerney revealed that the company’s Visa Direct pilot program, launched in September, already enables banks and financial institutions to pre-fund cross-border payments using USDC and EURC.

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Looking ahead, Visa plans to empower banks to mint and burn their own stablecoins through the Visa Tokenized Asset Platform, a move expected to streamline settlements and reduce friction in global money movement. “We are starting to enable banks to mint and burn their own stablecoins and adding stablecoin capabilities to enhance cross-border money movement,” McInerney confirmed.

With this expansion, Visa is positioning itself as a key bridge between traditional banking systems and the growing world of blockchain-based finance, a sign that stablecoins may soon play a central role in global payments.

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