Payment company Visa expanded Stablecoin Prasad on its disposal platform by adding support for Global Dollar (USDG), PayPal USD, Euro Coin (EURC) and two new blockchain networks, stallers and avalanches.
The visa said in a press release on Thursday that integration allows users to send stabecoin payments through the supported blockchain network and through the supported blockchane network and change their lends to change their lends.
Visa already supported the circle’s USD coin (USDC) Stabelcoin, which supported the network for transfer and settlement, including atherium, solana, and newly added chains.
Institutional interest in stablecoins pie.
Connected: Trump-Linked WLFI invests $ 10m in Falcon Finance for Stabecrim Development Development
Growing competition for StableCoin market share
Visa facial competition
This includes StableCoin issuer, who are derogatory to heritage financial systems, payment of payment processing companies.
Payment and credit card company MasterCard, visa direct contestants, are collaborating to integrate crypto payment with crypto companies and tokens 30% of its transactions.
In June, reports were revealed that retail legends Walmart and Tech Company Amazon, who do not even see the marketplace, were expressing the process of launching their own stabecoin. Both companies trade internationally and benefit from low transaction fees for cross-border commerce and wounds from near-mating settlement time.
Bank of America CEO Bran Mionihan has repeatedly planned to create a stabelcoin and equip the bank with Stabecrim Payment Rail.
Recently, Financial Services Company and Banking Giant JP Morgan participated with the coinbase to allow customers to directly connect their chess accounts to the coinbase and convert award points into USDC.
https://www.youtube.com/watch?v=Jeg7vspg2GY
Earlier this year, the representatives of MasterCard admitted that Stabelines threatened the processor business model in direction and is a disruptive technique.
In June, the head of engineering NOAM Hurwitz at the Payments Infrastructure Company’s Alchemy told Cointelegraphs that the volume of Onchain Stablecoin transactions has crossed the visa and the master card and the “default settlement layer” for the Internet.
magazine: Unstablecoin
