Visa Teams with Onchain Credit for Stablecoin Settlements

Visa has partnered with Onchain Credit to settle transactions using stablecoins on its cards. This move aims to provide merchants with faster and more efficient payment processing capabilities.

The partnership will allow Visa clients to receive settlements in USDC, a popular stablecoin pegged to the value of the US dollar. Onchain Credit will handle the conversion process, ensuring that transactions are settled quickly and securely.

No details were provided on the scope or timeline of the partnership, but it is expected to have a significant impact on the way merchants process payments. The use of stablecoins could help reduce the time and costs associated with traditional payment processing methods.