Visa Expands Stablecoin Settlement with USDG, PYUSD & EURC

Visa has expanded its stablecoin settlement platform by integrating Global Dollar (USDG), PayPal USD (PYUSD) and Euro Coin (EURC). The update adds Stellar and Avalanche support alongside existing USDC rails on Ethereum and Solana. Users can now send, receive and convert stablecoin payments to fiat across these networks. The expanded stablecoin settlement services come amid clearer U.S. stablecoin regulations and growing institutional demand. Total stablecoin market capitalization has topped $256 billion. Competitors such as Mastercard, Walmart and Amazon are launching tokenized payment solutions, while banks like JPMorgan and Bank of America test stablecoin rails for faster, near-instant settlements. By broadening its offerings, Visa strengthens its digital asset strategy, boosts blockchain payments and solidifies its position in the crypto settlement market.
Neutral
Visa’s integration of USDG, PYUSD and EURC across Stellar and Avalanche boosts stablecoin adoption and infrastructure but does not affect their fiat pegs. In the short term, trading volumes on new networks may rise, enhancing liquidity. Long term, improved settlement rails could drive institutional use and on-chain activity, supporting market stability rather than speculative price moves.