In 2024, Visa – global payments superpower – did $13.2T in total payments volume, according to the company’s fiscal EOY report. That was up nearly 8% from the previous year.
Stablecoins – fiat-pegged crypto currencies – did over $27T by themselves, surpassing Visa and American Express combined.Now, Visa wants a piece of that action, announcing a major expansion for its crypto support. Will the move pay off?
What does it say about growing crypto adoption and the success of new wallet tokens, like Best Wallet Token? Read on for the full breakdown.
Visa Adds 3 Stablecoins, 2 Blockchains
Visa announced a major expansion of its crypto settlement infrastructure. Through a new partnership with Paxos, Visa added support for two U.S. dollar‑backed stablecoins – PayPal USD ($PYUSD, $1B market cap) and Global Dollar ($USDG, $326M market cap).
And, to facilitate European transactions, it added Circle’s euro‑backed $EURC as well ($206M market cap).
On the blockchain side, PayPal’s multi‑chain architecture now includes Stellar and Avalanche, joining Ethereum and Solana. Four blockchains supported marks Visa’s shift toward a more robust multi‑chain settlement layer.
Rubail Birwadker, Visa’s Global Head of Growth Products, described the initiative as ‘building a multi‑coin and multi‑chain foundation to help meet the needs of our partners worldwide,’ stating that ‘when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world.’Given that ‘moving money around the world’ is exactly what Visa is all about, adding blockchain support makes perfect sense.
Visa’s Moves Underscore Growing Adoption
Visa’s stablecoin journey began in 2020 with $USDC pilot settlements, and the new additions bring the platform to four stablecoins across four networks, supported by real‑world deployments from banks, fintechs, and card issuers.
One such deployment was announced back in April, when Visa partnered with Bridge to allow fintech devs to more easily provide stablecoin-linked crypto Visa cards.And the latest expansion arrives just weeks after the U.S. enacted the GENIUS Act, the first federal legislation defining regulatory frameworks for payment stablecoins.
The act required full‑reserve backing, Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, and issuer oversight.
So far, the promise of better oversight has served as a catalyst from more adoption..
Visa’s move aligns with broader developments in the industry, with Mastercard already having integrated Fiserv’s $FIUSD stablecoin into its global network.Growing crypto adoption also highlights a different development: the ever-growing importance of a reliable, easy-to-use web3 wallets to facilitate onboarding for retail users.
This is where Best Wallet, a new software crypto wallet, plans to fill in the market niche with a secure and user-friendly solution.
Although already live, the wallet is fundraising to fuel further Web3 feature integrations. Its token, $BEST, has already raised over $14M from investors.
Best Wallet Token ($BEST) – Safety and Security with the Industry’s Only Crypto Presale Wallet
The Best Wallet app and the Best Wallet Token ($BEST) deliver all the tools you’ve always wanted in a wallet – buying, storing, and swapping your crypto – alongside some special features that set the project apart.
Basic utility features the $BEST token provides within the ecosystem include:
- Lower fees
- Community governance
- Staking rewards
But Best Wallet offers more, with an exclusive ‘Upcoming Tokens’ section that provides early access to the best and brightest crypto presales.
And like Visa, Best Wallet has an eye on the future.
The app itself is MPC-protected, eliminating secret key vulnerabilities often seen in other software wallets.
This greatly simplifies asset security for crypto newcomers, especially at a time when crypto hacks are at an all-time high.
Moreover, the Best Wallet and Best Token will soon add debit card to the lineup, making crypto not only secure, but easy to use for retail payments.
Essentially, Best Wallet is fundraising to build a fully-fledged Web3 ecosystem, but make it feel like the traditional fiat experience we’re already used to.
This is the next step in what’s shaping up to be a powerhouse crypto wallet. Our full guide to the Best Wallet Token covers all the other features and perks this solution provides.
Check out our guide on how to buy $BEST if you want to secure your Best Wallet ecosystem benefits.
The presale has already raised $14.3M, so don’t delay. With tokens priced at $0.025415, there’ll never be a better time to make your move.
Visit the Best Wallet Token ($BEST) presale page for more information.
Visa Goes Crypto: Why It Matters
With Visa expanding its native crypto support, developers and wallets gain new stablecoin and blockchain options, reducing vendor lock‑in. Cross‑border settlement should also become faster and easier.
And as stablecoins transition from niche crypto tools to mainstream financial rails, Visa’s updated infrastructure delivers flexibility in currency (USD, EUR), token choice ($USDC, $PYUSD, $USDG, $EURC), and blockchain (Ethereum, Solana, Stellar, Avalanche).
The financial sector is opening up to crypto, and new projects like Best Wallet Token ($BEST) are preparing to meet retail needs and demands.
As always, do your own research before investing in crypto. This article isn’t financial advice.
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