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Visa Expands Stablecoin Settlement Capabilities Through Partnership with Aquanow

Visa is broadening its stablecoin settlement capabilities across the CEMEA region by partnering with Aquanow, a digital assets platform.

This collaboration enables issuers and acquirers in these regions to use established stablecoins like USDC for transaction settlements.

With the integration of Aquanow’s infrastructure, Visa aims to cut operational costs and streamline settlement workflows.

As demand for efficient cross-border payments rises, stablecoins are positioned as a solution to address traditional settlement challenges.

Visa's venture into stablecoin technology began in 2023, leading to a successful pilot program that has significantly increased its monthly transaction volume.

Godfrey Sullivan from Visa emphasized that their partnership with Aquanow is instrumental in modernizing payment systems, minimizing reliance on traditional intermediaries.

Aquanow, known for its robust services for financial institutions, will play a crucial role in this stablecoin rollout.

Visa has already surpassed $200 million in cumulative stablecoin settlements and continues to enhance its crypto infrastructure.

However, CEO Ryan McInerney noted that clearer regulations are necessary for the full potential of this technology.

With strong financial results, Visa is committed to advancing its stablecoin initiatives to cater to the evolving digital economy.