Visa Unveils Expansion of Stablecoin Network Across Four Blockchains

Visa has announced a major expansion of its stablecoin network, launching four stablecoins across four distinct blockchain platforms to streamline global payments. This move is anticipated to significantly expedite and reduce the cost of cross-border transactions for businesses worldwide. The expansion comes as Visa’s stablecoin spending saw a remarkable fourfold increase during its latest fiscal quarter. 40% of that growth originated from commercial card usage, highlighting the growing adoption of stablecoins in the payment space.