Visa Deepens Crypto Push with Multi-Chain Stablecoin Support
Global payments leader Visa is set to expand its stablecoin ecosystem by adding support for four new stablecoins on four unique blockchains, as part of a sweeping plan to integrate blockchain-based payments into its global infrastructure.
Speaking during Visa’s fourth-quarter earnings call, CEO Ryan McInerney confirmed that the company will broaden its stablecoin and crypto settlement network, allowing banks to mint and burn stablecoins directly via the Visa Tokenized Asset Platform.
“We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 fiat currencies,” McInerney told investors, underscoring Visa’s growing commitment to blockchain-based settlements.
Visa’s Expanding Stablecoin Portfolio
Visa already supports several major stablecoins, including USDC, EURC, PYUSD, and USDG, across blockchains such as Ethereum, Solana, Stellar, and Avalanche. The upcoming expansion will introduce new stablecoins and chains, though Visa has not yet disclosed which assets will be added.
McInerney highlighted that stablecoins are driving strong momentum within Visa’s ecosystem, noting that the firm has facilitated over $140 billion in crypto and stablecoin flows since 2020.
“We’ve seen global consumer spending within our stablecoin-linked card services increase fourfold in Q4 compared to the same period last year,” he said. “Monthly volume has now passed a $2.5 billion annualized run rate.”
Bridging Banks and Blockchain
The company’s next phase involves bringing traditional banks into the stablecoin ecosystem. Through the Visa Direct pilot program, launched in September, banks and financial institutions can now pre-fund cross-border payments using USDC and EURC.
McInerney explained that the next stage will include expanding stablecoin banking capabilities, enabling banks to directly mint and redeem stablecoins under Visa’s secure infrastructure.
“We are starting to enable banks to mint and burn their own stablecoins, and we’re enhancing cross-border money movement through Visa Direct,” he said.
Stablecoins: The Future of Global Transactions
The expansion underscores Visa’s vision of stablecoins as a key bridge between traditional finance and digital assets. Recent data from blockchain analytics firms show that stablecoin transaction volumes have surged past $46 trillion globally, making them one of the most influential forces in digital payments.
By integrating stablecoins into its payment rails, Visa is positioning itself as the leading gateway for banks, fintechs, and global merchants to transact on-chain, combining the speed of blockchain with the trust and reach of traditional finance.
Visa’s latest move signals that stablecoins are no longer a niche innovation — they are becoming the backbone of the next generation of global payments.
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