Ethereum Variant USDC Stablecoin Will Be Accepted by VISA

Initially, the USD coin which is a digital stablecoin pegged to the United States dollar started as a token on top of the Ethereum blockchain and two other blockchains which include Algorand and Stellar blockchain. In a recent statement, the payment card network, Visa announced that the transaction will now be settled using the USD Coin (USDC). While Visa already supports 160 currencies across the globe, its partnership with Anchorage means Visa will be adding support for its first digital currency.

Visa’s plan to settle transactions using the USD coin simply means that it can send USDC directly to Visa. Not only that, it can send USDC to Visa’s Ethereum wallet address at Anchorage to settle the transaction. The merchant then gets paid by Visa in their own currency.

For more information, read the original story in Techcrunch

Ethereum Variant USDC Stablecoin Will Be Accepted by VISA

Top Stories

Microsoft promises to shield communities from rising power bills, other burdens

Anthropic says AI now writes over 90% of the code behind Claude

Lenovo bets on a post-VMware world with new multi-hypervisor FX systems

Anthropic launches AI healthcare tools amid OpenAI competition

Apple taps Google’s Gemini to strengthen AI push including Siri upgrade

Canadian startup Kepler launches commercially operational optical satellites

Related Articles

Chinese customs blocks Nvidia’s H200 imports, sources say

Survey shows workers spend up to 4.5 hours a week fixing “AI workslop”

U.S. Supreme Court faces cybersecurity questions after repeated hacking

Anthropic says AI now writes over 90% of the code behind Claude

TND News Desk

TND News Desk

Jim Love

Follow Us

Popular categories

Tech News Delivered