The stablecoin ecosystem is expanding, and Visa is at the forefront of its development. As global interest in stablecoins takes center stage, Visa is building on its leadership in the space and enabling support for more stablecoins and more blockchains to facilitate settlement transactions for issuers and acquirers. Visa’s settlement platform is adding support for two additional USD-backed stablecoins, two blockchains and the euro-backed EURC. What’s new: More stablecoins: Through a new partnership with Paxos, Visa will be able to support two additional dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), bringing the transformative power of two more trusted stablecoins to our partners. More chains: Visa has added support for two blockchains, Stellar and Avalanche, in addition to already supported chains, Ethereum and Solana. More currencies: Visa has integrated Circle’s euro-backed stablecoin, EURC. With EURC integrated into the Visa Network, select pilot participating Visa partners can now access settlement in both USD- and EUR-backed stablecoins. This extends Visa’s crypto and treasury infrastructure capabilities which already facilitates settlement in more than 25 fiat currencies worldwide.
Visa Direct enables quickly transfering money between Webull brokerage account and external bank accounts.
Webull, an online investment platform, announced its collaboration with VISA on the Webull US platform. Visa Direct facilitates account funding as well as the movement of funds directly to eligible cards, bank accounts, and wallets. By integrating with Visa Direct, Webull users based in the United States can quickly transfer money between their Webull brokerage account and external bank accounts. The collaboration with Visa Direct allows Webull to implement a “Deposit” feature, which enables fast access to the market and empowers users to seize investment opportunities. While Automated Clearing House (ACH) and other common methods of moving money may take several days, Visa Direct gives users access to their funds in under a minute. Yanilsa Gonzalez-Ore, SVP, North America Head, Visa Direct said, “With Visa Direct, Webull can give their customers the speed, flexibility and protection they want with real-time payments[1], and deliver a simple, digitized experience to securely manage their funds, so they can confidently invest and trade.”