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News by FinTech Collective Archive

Visa supports transaction settlement with USDC stablecoin

Sarah Wolter

March 29, 2021

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Sarah Wolter

Payment card network Visa has announced that transactions can be settled using USD Coin (USDC), a stablecoin powered by the Ethereum blockchain. Crypto.com is the first company to test the new capability with its own Visa-branded cards.

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Thanks to a partnership with Anchorage, Visa is adding support for its first digital currency. Anchorage recently received a federal banking charter and is positioning itself as a digital asset bank. Visa was probably looking for a trustworthy partner for this program. As Anchorage got a thumbs-up from regulators, the partnership makes sense.

https://techcrunch.com/2021/03/29/visa-supports-transaction-settlement-with-usdc-stablecoin/?tpcc=TCdailynewsletter

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