Visa is expanding its stablecoin settlement capabilities to merchant acquirers by partnering with Circle’s USDC, a digital dollar backed by highly liquid cash and cash-equivalent assets. The two firms are currently conducting pilot programs with merchant acquirers Worldpay and Nuvei to facilitate easier cross-border settlement for merchants, leveraging stablecoin technology. The move builds upon Visa’s earlier pilot program with Crypto.com, showcasing its commitment to embracing digital currencies and blockchain innovation to modernize money movement in the global financial landscape.
Visa Expands Stablecoin Settlement Capabilities to Merchant Acquirers
