Visa, PayPal, and Mastercard are integrating Stellar into their payment systems, indicating a new approach to stable digital payments.
Visa and Payment Stabilization
Visa has expanded its blockchain strategy by integrating Stellar for stablecoin settlement support in early August. This integration strengthened Visa's position in the digital asset sector. In 2024, Visa processed over $13 trillion, reaffirming its status as a global payment provider. The inclusion of Stellar into its settlement framework enhances efficiency and broadens payment options within Visa's existing infrastructure.
PayPal Boosts PYUSD Usage
PayPal integrated its PYUSD stablecoin onto Stellar, making it the third blockchain after Ethereum and Solana to support the token. This integration also indicates PayPal's desire to increase PYUSD applications across other networks to enhance flexibility. PayPal processed $1.68 trillion in 2024, demonstrating its involvement in digital transactions. Furthermore, PayPal has strengthened its relationship with Stellar at the management level.
Mastercard and Crypto Credential Solutions
Mastercard has brought Stellar into its Crypto Credential Network, supporting verified and compliant blockchain transactions. In 2024, Mastercard processed $9.76 trillion, maintaining its dominance in global payments. The integration provides Stellar with a regulated path for scaling blockchain transactions, emphasizing compliance and verification.
The integrations of Stellar with major players like Visa, PayPal, and Mastercard highlight a significant transformation in digital finance. These moves reinforce Stellar's position as a central hub for stable digital payments.
