Blockchain and Crypto, Member Exclusive

Visa is the first payment network to settle transaction in USD Coin

  • Visa has partnered with Crypto.com and Anchorage Digital Bank to settle a transaction in USDC.
  • With this move, the payment network erodes the divide between fiat and mainstream cryptocurrency use.
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Visa is the first payment network to settle transaction in USD Coin

Visa announced today that it had used USD Coin to settle a transaction over Ethereum. USD Coin (USDC) is a stablecoin backed by the US Dollar.

What’s happening: Visa is piloting the capability with Crypto.com, a large crypto platform and Visa partner. Visa is expanding its network of networks into cryptocurrency as it looks for ways to further bridge fiat and digital currencies.


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