Visa Will Start Settling Transactions With Crypto Partners In USDC On Ethereum

USDC is a stablecoin, meaning it's tied to the US dollar. By choosing to settle some of its funds in USDC, Visa is signaling that settlement on Ethereum could be cheaper than traditional means.

Visa unveils an upgrade to its settlement system. The company’s crypto partners will soon be able to settle their obligations with Visa in USDC on the Ethereum blockchain.


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