Visa Collaborates with Aquanow to Accelerate Settlement Processes with Stablecoins

Visa Expands Stablecoin Settlement: Visa has partnered with Aquanow to enhance its stablecoin settlement capabilities in the CEMEA region, allowing transactions to be settled using approved stablecoins like USDC, which aims to reduce costs and settlement times.

Demand for Faster Transactions: The partnership addresses the growing demand among financial institutions for quicker and more cost-effective cross-border transactions, enabling 365-day settlement and modernizing payment systems.

Successful Pilot Program: Visa previously piloted stablecoin settlements in 2023, achieving a monthly volume exceeding a $2.5 billion annualized run rate, marking it as one of the first major payment networks to adopt this technology.

Future of Money Movement: Both Visa and Aquanow emphasize the importance of stablecoin technology in facilitating faster, more transparent settlements, reducing reliance on traditional financial systems and preparing institutions for the evolving digital economy.