Visa Partners with Aquanow to Enable Faster Settlement Using Stablecoins
Visa has announced the expansion of its stablecoin settlement capabilities across the Central and Eastern Europe, Middle East and Africa region (CEMEA)..
✨ Key Highlights
Visa has expanded its stablecoin settlement capabilities in the CEMEA region through a partnership with Aquanow, aiming to accelerate cross-border transactions. This collaboration integrates Aquanow’s digital asset infrastructure with Visa’s technology, enabling settlements using approved stablecoins like USDC to reduce costs and processing times.
- Visa is leveraging stablecoins to digitize the backend of money movement, supporting 365-day settlement.
- The partnership with Aquanow is another key step in modernizing the back-end rails of payments, reducing reliance on traditional systems with multiple intermediaries.
- Monthly volume of transactions settled in stablecoin has passed a $2.5 billion annualized run rate.
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