Visa Partners with Multiple Stablecoin Issuers to Drive Digital Payment Innovation

In July 2024, Visa announced partnerships with several stablecoin issuers to drive digital payment innovation and facilitate cross-border transactions. The collaboration includes supporting the use and integration of stablecoins on Visa's payment network, providing consumers and merchants with a new payment method. Visa stated that this partnership would further enhance the efficiency and security of digital payments while offering a faster, lower-cost payment solution for global users. This initiative marks the deepening cooperation between traditional financial giants and the cryptocurrency ecosystem, advancing the development of the digital economy.