Visa scales stablecoin support on four blockchains | The Paypers

US-based multinational payment card services corporation Visa has announced its plans to scale its crypto presence by supporting four new stablecoins across four blockchains.

The move comes as part of Visa’s broader mission to expand its crypto capabilities, with the company previously facilitating over USD 140 billion in stablecoin and crypto flows since 2020. Visa now intends to allow banks to mint and burn stablecoins through its tokenized asset platform. 

According to Visa’s officials, the company aims to include support for four stablecoins running on four unique blockchains, representing the two currencies it can accept and convert to over 25 traditional fiat currencies. The announcement underlines Visa’s boosted confidence in stablecoins as a key link between traditional finance and blockchain-based payments.

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