Original sourceTokenPost
Summary
TokenPost reported that Visa plans to enable stablecoin settlement on the Solana blockchain, expanding Solana's role in digital payments. The development follows Western Union's August launch in 37 markets of a wallet linked to Visa cards, tying dollar-backed stablecoin balances to card payments. S…
Key points
- This helps explain the interdependence between stablecoin settlement and card networks, and which links remain constrained by traditional finance.
- A major card network choosing a public chain for settlement will influence the technical路线 and compliance arrangements for stablecoins in payment networks.
- Payment and remittance firms need to assess the connection between on-chain settlement and fiat redemption; merchants and consumers can expect more stablecoin-linked cards.
Editorial note
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