Visa Expands Stablecoin Support Across Four Blockchains

Visa is doubling down on its stablecoin strategy, announcing plans to support four new stablecoins across four unique blockchains, while allowing banks to mint and burn tokens directly through its network infrastructure.

The move, revealed by CEO Ryan McInerney during Visa’s Q4 and year-end earnings call, marks a significant expansion of the payments giant’s blockchain integrations as it continues to bridge traditional finance with digital asset settlement.

Expanding the Stablecoin Footprint

“We are adding support for four stablecoins running on four unique blockchains, representing two currencies that we can accept and convert to over 25 traditional fiat currencies,”

— Ryan McInerney, CEO, Visa

While Visa did not name the new stablecoins or blockchains, the expansion builds on existing integrations that already include Circle’s USDC and Euro Coin, PayPal’s PYUSD, and Global Dollar (USDG) across Ethereum, Solana, Stellar, and Avalanche.

The company has facilitated over $140 billion in crypto and stablecoin flows since 2020. McInerney highlighted that consumer spending tied to Visa’s stablecoin-linked card programs has grown 4x year-over-year, with monthly settlement volume surpassing a $2.5 billion annualized run rate.

Visa Direct: Toward On-Chain Settlement

Visa’s Direct program, launched in September as a pilot, allows banks and financial institutions to pre-fund cross-border transactions using USDC and EURC.

The company now plans to deepen this functionality through its Tokenized Asset Platform, enabling partner banks to mint and burn stablecoins directly — effectively turning Visa’s infrastructure into a bridge between on-chain liquidity and traditional banking rails.

“We are starting to enable banks to mint and burn their own stablecoins with the Visa tokenized asset platform, and we are adding stablecoin capabilities to enhance cross-border money movement with Visa Direct,” McInerney said.

Stablecoins as Core Payments Infrastructure

Visa’s approach underscores the industry’s broader shift from experimental crypto integrations toward stablecoin-native financial infrastructure.

By combining blockchain-based settlement with Visa’s global compliance, clearing, and fiat conversion network, the company positions stablecoins as a core instrument for cross-border liquidity rather than a niche crypto asset.

With global stablecoin transaction volume now exceeding $46 trillion annually (per Andreessen Horowitz’s State of Crypto 2025 report), Visa’s expansion could accelerate enterprise and banking adoption of programmable money at scale.

Key Takeaway

Visa’s latest stablecoin initiative reinforces its strategy to own the settlement layer of digital finance.

By extending minting, burning, and cross-border functionality to banks, Visa is not just processing stablecoins — it’s building the infrastructure for how stablecoins will move through the global financial system.

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