1/ Today we announced a number of updates for how Visa is using stablecoins to enable onchain settlement across our network. 👇🏼

2/ First, we are partnering with @Paxos to support settlement in USDG as we see growing demand from fintech and crypto partners participating in the @global_dollar network

3/ Second, through our partnership with Circle, we are adding support for two new blockchains @StellarOrg and @avax starting with USDC and adding EURC as the first non-USD stablecoin to be settled over VisaNet

4/ For decades, Visa treasury has enabled seamless, automated settlement flows moving trillions of dollars of value across dozens of currencies for thousands of issuers and acquirers

5/ As we head into a multi-stablecoin, multi-chain world, with significant growth and demand for stablecoin linked cards, we are committed to building world class onchain treasury capabilities

6/ Our vision is to be able to bridge any stablecoin, representing any currency, from any blockchain with existing fiat currencies meeting our clients where they are.

7/ We have already settled hundreds of millions of dollars onchain and are just getting started

8/ For any developers building stablecoin linked cards, let us know what stablecoins and chains you want to see added to our settlement platform