Visa Inc. partners with Aquanow to expand stablecoin settlements across Europe, Middle East, and Africa, aiming to modernize payment systems with stablecoins like USDC.
This collaboration accelerates institutional adoption of stablecoins, offering efficient round-the-clock transactions and impacting traditional banking dependencies.
Visa and Aquanow Extend USDC Across Key Regions
Visa Inc. teams up with Aquanow to expand stablecoin settlement in Europe, Middle East, and Africa. This move aims to modernize payment systems.
The collaboration involves Visa’s integration with Aquanow’s crypto infrastructure, allowing 365-day settlement using USDC stablecoin.
Visa’s $2.5 Billion Run Rate Signals Demand
Visa’s expanded program shows a $2.5 billion annualized run rate, reflecting institutional demand. Godfrey Sullivan highlights reduced reliance on traditional rails, sharing insights like:
“Our partnership with Aquanow is another key step in modernizing the backend rails of payments, reducing reliance on traditional systems with multiple intermediaries, and preparing institutions for the future of money movement.”
The program supports 24/7 settlement, suggesting potential cost and delay reductions in cross-border B2B payments. USDC’s regulatory acceptance underpins secure transactions.
2023 USDC Pilot Paves Way for Expansion
Visa’s 2023 USDC pilot marked one of the first stablecoin uses by a major network. This expansion builds on that precedent.
Experts suggest this trend aligns with global finance integrating digital assets, with regulated stablecoins gaining traction for institutional settlements.
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