Circle Announces Partnership with Visa to Bring the Benefits of Stablecoins to Businesses Worldwide
Blog post from Circle
Circle Internet Financial announced a partnership with Visa on December 3, 2020, to integrate USDC, a digital dollar stablecoin, with Visa's payment network, allowing businesses worldwide to leverage faster and lower-cost transactions. As part of Visa's Fintech Fast Track program, Circle plans to issue a Visa corporate card enabling USDC spending at over 60 million global merchants. This collaboration aims to enhance stablecoin adoption and payments innovation by offering seamless USDC payouts to Visa's digital currency wallets, which have over 25 approved card programs. The partnership is set to educate and enable Visa's global fintech partners to utilize digital dollar stablecoins for global-scale payouts, enhancing commerce and financial applications. The initiative underscores the integration of traditional payment platforms with blockchain technology to expand economic opportunities globally.
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