1 week ago
Payment paper elephantine Visa (V) has expanded its stablecoin capabilities crossed the Central and Eastern Europe, Middle East, and Africa (CEMEA) region, and has besides formed a strategical concern with African crypto speech Yellow Card.
Visa appears to beryllium doubling down connected stablecoins, which are accelerated becoming the caller outgo rails of the Internet, having past period invested successful stablecoin-based payments firm BVNK.
In 2023, Visa became 1 of the archetypal large outgo networks to settee transactions successful Circle’s USDC stablecoin. To date, implicit $225 cardinal successful stablecoin measurement has been settled done Visa crossed participating clients, according to a property release.
“In 2025, we judge that each instauration that moves wealth volition request a stablecoin strategy,” said Godfrey Sullivan, Visa’s Senior Vice President and Head of Product and Solution for CEMEA successful a statement.
The Yellow Card concern volition research cross-border outgo options, streamlining treasury operations and enhancing liquidity management.
“Together with Visa, we’re gathering a span betwixt accepted concern and the aboriginal of wealth movement. We look guardant to continuing to innovate caller solutions that tin alteration however wealth moves for adjacent much secure, efficient, and transparent outgo solutions,” said Chris Maurice, Co-Founder and CEO of Yellow Card.
English (US) 