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Visa Partners with Aquanow to Expand Stablecoin Payment Capabilities Across CEMEA Regions

Visa Partners with Aquanow to Expand Stablecoin Payment Capabilities Across CEMEA Regions

Visa and Aquanow’s extended stablecoin settlement service will allow USDC and other approved tokens to be used year-round, eliminating delays from weekends and holidays.

USDC

Summary

Visa announced an official expansion of its stablecoin settlement services via a partnership with Aquanow, covering Central and Eastern Europe, the Middle East, and Africa. The integration will enable issuers and merchant acquirers to use USDC and other approved stablecoins for transactions settled any day of the year, removing delays caused by weekends and holidays. The initiative aims to further enhance transaction efficiency, reduce payment bottlenecks, and strengthen Visa’s blockchain-based payment infrastructure in these regions.

Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset, such as a fiat currency or commodity.
  • Settlement: The process of transferring funds between parties to complete a financial transaction.
  • USDC: USD Coin, a regulated stablecoin pegged to the U.S. dollar, used for fast and stable digital transactions.