In the press release, it is emphasized that the use of USDC provides issuers with the ability to transfer funds more quickly via blockchain, as well as to settle transactions at any time, including weekends and holidays, without any changes for cardholders.
Visa representatives added that previous settlements with cryptocurrencies have already been tested in pilot projects in regions such as Europe, Latin America, the Middle East, the Asia-Pacific region, and Africa.
According to the company's information, as of November 30, the volume of Visa settlements using stablecoins on an annual basis exceeded $3.5 billion.
