Visa is expanding its stablecoin settlement network into the CEMEA region, utilizing USDC to streamline cross-border payments and enhance liquidity for businesses. This strategic move aims to reduce costs associated with traditional banking by leveraging blockchain technology. The expansion will be rolled out starting in 2025, according to Visa’s Senior Vice President Godfrey Sullivan and Yellow Card CEO Chris Maurice, who are spearheading this initiative focused on Africa. Sullivan believes that all institutions involved in moving money will need a stablecoin strategy in place by 2025. The new settlement framework allows for more efficient cross-border transactions, with USDC facilitating these transfers, ultimately benefiting financial institutions through increased liquidity and reduced costs. This initiative aligns with the growing adoption of blockchain technology in financial services, as it bridges traditional finance and the future of money movement. Visa has not yet received regulatory comments from bodies like the SEC or CFTC. However, their efforts to comply with regulations are ongoing.