Visa Expands Stablecoin Payments on Four Blockchains
Visa has expanded support for four stablecoins—USDC, EURC, PYUSD and USDG—across four major blockchains: Ethereum, Solana, Avalanche and Stellar. In Q4 2025 card spending via stablecoin payments surged fourfold year-on-year, driving a monthly settlement run rate of $2.5 billion. Since 2020, Visa’s stablecoin payments platform has processed over $140 billion in crypto and stablecoin flows, including $100 billion in direct card purchases and $35 billion in crypto-linked spending.
Beyond payments, Visa opened its Tokenized Asset Platform to banks. Financial institutions can now mint and burn their own stablecoins and test pre-funding via Visa Direct. The company also uses AI-driven tokenization to enhance fraud prevention. Visa now powers over 130 stablecoin-linked card programs in 40 countries, enabling conversion of USDG and PYUSD into more than 25 fiat currencies through partners like Paxos.
This move boosts Visa’s cross-border payment capabilities and deepens crypto integration for banks and merchants. Traders should watch for increased on-chain stablecoin activity and partnerships driving liquidity and faster settlements. Enhanced tokenization tools may also attract institutional flows, underpinning stablecoin demand.
Bullish
The expansion of Visa’s stablecoin payments and the opening of its Tokenized Asset Platform signal growing institutional adoption and deeper integration of stablecoins in global payments. The fourfold surge in card spending underscores rising demand for on-chain settlements, while bank access to minting and burning tools could boost issuance and liquidity. In the short term, traders may see increased transaction volumes and tighter spreads for supported stablecoins. Over the long term, enhanced fraud prevention and wider geographic coverage are likely to solidify stablecoins’ role in cross-border transfers, supporting sustained price stability and demand.