Visa is deepening its push into digital assets, announcing plans to support four new stablecoins across four separate blockchains as part of its broader crypto expansion strategy.
Speaking on the company’s fourth-quarter earnings call Tuesday, CEO Ryan McInerney said Visa will “add support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies.”
The company currently supports Circle’s USDC and Euro Coin (EURC), PayPal’s PYUSD, and Global Dollar (USDG) across Ethereum, Solana, Stellar, and Avalanche. Visa’s stablecoin ambitions have accelerated sharply over the past year. McInerney highlighted “particular momentum” in the sector, revealing that Visa has facilitated over $140 billion in crypto and stablecoin flows since 2020.
While McInerney didn’t disclose which stablecoins or networks would be included, the update expands on Visa’s existing integrations.
Through its Visa Direct pilot, launched in September, the company enables financial institutions to pre-fund cross-border payments using USDC and EURC.
The firm’s stablecoin-linked card services have seen spending quadruple year-over-year, while its stablecoin settlement network surpassed a $2.5 billion annualized volume run rate in the latest quarter.