Visa Expands Blockchain Reach With New Stablecoin Network Push

Visa is deepening its commitment to digital assets, announcing plans to integrate four new stablecoins across four separate blockchains - a move that signals the payments giant’s growing confidence in blockchain-based finance.

Speaking during Visa’s fourth-quarter earnings call, CEO Ryan McInerney revealed that the company’s stablecoin infrastructure will soon support additional currencies and networks, allowing conversions into more than 25 traditional fiat currencies.

He noted that Visa’s crypto-related activity has surged, with stablecoin-linked spending quadrupling over the past year.

The new rollout builds on Visa’s existing integrations with USDC, EURC, PayPal USD, and Global Dollar, already live on blockchains such as Ethereum, Solana, Stellar, and Avalanche. Since 2020, Visa has processed over $140 billion in crypto and stablecoin transactions, underscoring its expanding role in digital settlements.

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Banks to Mint and Burn Stablecoins

McInerney also unveiled the next step in Visa’s blockchain strategy – enabling banks to mint and burn their own stablecoins through the company’s tokenized asset platform. The feature will sit alongside Visa Direct, its cross-border payment system, giving institutions the ability to pre-fund and settle payments using digital assets like USDC and EURC.

The initiative, which follows a pilot launched in September, reflects Visa’s push to bridge traditional banking with blockchain efficiency. “We’re just getting started,” McInerney said, hinting that the company plans to scale its crypto settlement network in the coming year.