Visa announced that it is expanding its stablecoin settlement support and expanding its blockchain support to include the Stellar network. The Stellar network is an ideal complement to Visa’s mission to “build the interoperable layer designed to make stablecoin payments work at scale just as our traditional payments have worked – securely, reliably and globally.”
VISA CEO Ryan McInerney told CNBC in June that “We’ve been embracing and building for years preparing for this moment… We’ve been embracing stablecoins.”
The Stellar network offers Visa and other trusted financial institutions fast, low-cost settlement. Adding Visa to the Stellar ecosystem demonstrates the growth in the network and is another signal that Stellar is a top network for tokenization, with nearly $450 million in real-world assets held onchain.
Coindesk: Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins
“Two new blockchains, Stellar and Avalanche,
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