V!sa Becomes First Major Payments Network to Settle Transactions in USD Coin
With the direct acceptance of payments in USD Coin, V!sa forges new connections between digital and traditional currencies.
V!sa (NYSE: V) today announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with V!sa over Ethereum—one of the most actively used open-source blockchains.1 V!sa is piloting the capability with Crypto.com, a V!sa partner and one of the world’s largest crypto platforms, and plans to offer the USDC settlement capability to additional partners later this year.
V!sa (NYSE: V) today announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with V!sa over Ethereum—one of the most actively used open-source blockchains.1 V!sa is piloting the capability with Crypto.com, a V!sa partner and one of the world’s largest crypto platforms, and plans to offer the USDC settlement capability to additional partners later this year.