Visa is adding Western Union's Solana stablecoin to its settlement network 💳
Visa, working with Anchorage Digital, will support Western Union's Solana-based USDPT stablecoin for settlement on VisaNet. That puts a stablecoin issued by a legacy remittance giant onto one of the biggest payment rails in the world.
Why it matters: it's another sign that card networks and money-transfer incumbents are using public chains for settlement, not just experimenting. Solana keeps picking up the "boring payments infrastructure" use case.
Do you think bank and payment-giant stablecoins end up taking share from USDT and USDC, or just expand the pie?
Source: https://tradeassi.com/en/news/story/visa-integrates-western-unions-solana-stablecoin-for-network-settlement
#Visa #Solana #Stablecoin #Payments
Visa, working with Anchorage Digital, will support Western Union's Solana-based USDPT stablecoin for settlement on VisaNet. That puts a stablecoin issued by a legacy remittance giant onto one of the biggest payment rails in the world.
Why it matters: it's another sign that card networks and money-transfer incumbents are using public chains for settlement, not just experimenting. Solana keeps picking up the "boring payments infrastructure" use case.
Do you think bank and payment-giant stablecoins end up taking share from USDT and USDC, or just expand the pie?
Source: https://tradeassi.com/en/news/story/visa-integrates-western-unions-solana-stablecoin-for-network-settlement
#Visa #Solana #Stablecoin #Payments