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Stablecoins, Assemble: Visa's Playbook Adds More Pages & Blockchains

Stablecoins, Assemble: Visa's Playbook Adds More Pages & Blockchains

Globe and Mail5 days ago
Visa Inc. V expanded its stablecoin settlement capabilities by adding support for two more USD-backed stablecoins, Global Dollar ('USDG') and PayPal Holdings, Inc. 's PYPL PayPal USD ('PYUSD'), through a new partnership with Paxos. It also integrated the euro-backed stablecoin EURC and added two additional blockchains, Stellar and Avalanche, to its platform, which already supports Ethereum and Solana.
This move allows Visa to handle settlements across four stablecoins and four blockchains, strengthening its multi-chain, multi-currency infrastructure. Visa's focus on stablecoin technology is expected to play a major role in remittances in the coming days.
This expansion positions Visa as a key player in the evolving digital payments ecosystem. Stablecoins are becoming increasingly relevant for global money movement due to their speed, transparency and lower cost. By supporting multiple coins and blockchains, Visa can meet the needs of a wider range of partners, banks, fintechs, developers and merchants, while helping to simplify and accelerate cross-border and on-chain transactions.
By integrating more stablecoins and blockchains, Visa opens new revenue streams from settlement fees, cross-border transaction volumes and partnerships with crypto-native businesses. It also strengthens its value proposition to existing clients seeking flexible and modern treasury solutions. As stablecoin adoption grows, Visa's infrastructure will likely become a go-to solution for digital asset settlements, increasing transaction volume on its network and reinforcing its role as a critical payments intermediary in both fiat and digital currency ecosystems.
How Mastercard and PayPal Are Integrating Stablecoins
Visa's peers like Mastercard Incorporated MA and PayPal are actively integrating stablecoins to modernize payments. Mastercard also joined Paxos's Global Dollar Network, enabling support for USDG, USDC, PYUSD and Fiserv's FIUSD stablecoins. It is also integrating with wallets like MetaMask, OKX, Crypto.com and launching card-based spending via its Multi-Token Network and Mastercard Move settlement rails across 150 million merchants. PayPal's own USD-backed stablecoin, PYUSD works across its PayPal and Venmo platforms. Both firms aim to provide fast, low-cost, interoperable payments, streamline settlement, expand utility and stay competitive in the evolving digital-currency ecosystem.
Visa's Price Performance, Valuation and Estimates
Shares of Visa have gained 8.3% year to date, outperforming the broader industry and the S&P 500 Index.
Visa YTD Price Performance
From a valuation standpoint, Visa trades at a forward price-to-earnings ratio of 27.10X, up from the industry average of 21.44. Visa carries a Value Score of D.
The Zacks Consensus Estimate for Visa's fiscal 2025 earnings implies a 13.7% rise year over year, followed by a 12.4% growth next year.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report
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