Visa Don Add PYUSD, USDC & EURC to AVAX/XLM Stablecoin Rails
Visa don add more stablecoin settlement platform by add Avalanche (AVAX) and Stellar (XLM), plus PayPal USD (PYUSD), USD Coin (USDC) and euro-backed EURC. This multiple-chain stablecoin settlement system na e get before with Ethereum (ETH) and Solana (SOL). Visa first plan to also add Global Dollar (USDG) under EU MiCA framework, na USDC don dey test since 2020. This new platform fit with recent crypto-friendly law for US and White House digital asset plan. Visa stablecoin settlement dey try make cross-border money transfer time reduce from days to under eight hours, reduce cost and increase liquidity. Big payment providers wey dey use am show say companies dey get more interest for token-based finance.
Bullish
Visa dey expand dia stablecoin settlement platform go Avalanche and Stellar wit extra support for PYUSD, USDC and EURC, e go likely make more people dey transact with these tokens. Short term, better settlement speed and lower cost fit boost how people dey trade and how liquid the chain be. Long term, company dem wey dey use Visa stablecoin rails dey show say institutions trust token-based finance, wey fit make stablecoin useful well well and grow the whole ecosystem.