Visa is expanding its stablecoin settlement solution to selected issuers and acquirers in Central and Eastern Europe, Middle East, and Africa (CEMEA) region.

The payment provider said the move will enable cross border transactions in US dollars through blockchain technology.

The company claims the initiative will help reduce settlement costs, enhance liquidity management, and will support 365 day settlements, including weekends and holidays.

In 2023, Visa became one of the first major payments networks to settle transactions in stablecoin when it piloted enabling clients to fulfil their settlement obligations in USDC.

Visa said that to date, over $225 million in stablecoin volume has been settled through Visa across participating clients.

Visa is partnering with Yellow Card, a pan African fintech, to explore stablecoin use cases and opportunities across markets where Yellow Card is licensed to operate to help streamline treasury operations and enhance liquidity management.

Visa said the partnership is intended to test integration opportunities with Visa Direct to further investigate and expand cross border payment options.

Visa Direct is one of the world's largest digital payments networks, enabling the delivery of funds across over 190 countries and territories.

"In 2025, we believe that every institution that moves money will need a stablecoin strategy," said Godfrey Sullivan, visa's senior vice president and head of product and solution for CEMEA. "As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments."

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