Visa has announced a major expansion of its stablecoin settlement system across Central and Eastern Europe, the Middle East, and Africa through a partnership with crypto infrastructure company Aquanow.
The initiative allows financial institutions in these regions to settle transactions using approved stablecoins like USDC, helping reduce operational costs, minimize friction, and support faster cross-border payments.
Visa said the move responds to rising demand from banks and payment companies looking for cheaper and nearly instant settlement options. By integrating stablecoins into its system, Visa aims to modernize the back-end rails of global payments and reduce dependence on traditional systems with multiple intermediaries.
The announcement comes as stablecoins increasingly move beyond crypto-native uses and into institutional finance. Earlier this week, Deutsche Börse revealed plans to integrate the EURAU euro-stablecoin into its digital-asset infrastructure. Regulators worldwide are still discussing how to classify and supervise such assets in the banking sector.
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