Visa is embracing stablecoins: 4 blockchains, major global payments play
Global payment-giant Visa Inc. has announced a major upgrade to its crypto and blockchain payments infrastructure. The company is now set to support four different stablecoins running on four separate blockchains. These tokens will be convertible into over 25 traditional fiat currencies as part of Visa’s broader push into digital assets. Beyond this, Visa has launched a pilot through its Visa Direct platform that allows businesses to prefund cross-border payments using stablecoins, instead of holding large amounts of cash in foreign bank accounts.