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“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we're helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa’s treasury,” Cuy Sheffield, head of crypto at Visa, said in a statement. Source
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Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between partners across the Etheruem and
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“In 2022, stablecoins settled over $11t on-chain, dwarfing the volumes processed by Paypal ($1.4t), almost surpassing the payment volume of Visa ($11.6t), and reaching 14% of the volume settled by ACH, and over 1% the volume settled by Fedwire,” the authors wrote. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fintech firms Circle and Mercado Pago have announced a strategic alliance to introduce the USDC stablecoin to Chilean customers. A U.S. payment company, Circle and the biggest online payment platform in Latin America, Mercado Pago, announced a
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Circle’s CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The USD Coin (USDC) market cap is currently at a two-year low, with analysts saying it’s yet to fully recover after depegging earlier in the year. Data from CoinGecko shows that USDC has a market value just
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Global regulatory landscapes are once again proving to be a turning point for crypto companies, demanding constant adaptation to navigate shallow regulatory waters across the world, particularly in the United States.In the latest developments, Coinbase and Circle decided to dissolve the Centre Consortium in a strategic realignment driven by demand
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied E-commerce businesses using Shopify can now integrate Solana Pay to enable USDC payments. Solana Pay, a payment system built on Solana, is partnering with Shopify for businesses to access a faster, more efficient, and transparent payment
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“Solana Pay on Shopify opens up millions of merchants to a more dynamic and efficient payment choice, while consumers get the convenience and increased utility of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify," said Josh Fried, head
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E-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin (USDC) stablecoin payments. According to TechCrunch, Solana plans to add other altcoins to the platform in the coming months, including
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