Visa settles 1st payment transaction with crypto in ‘milestone’ move for industry ...News

International payment system Visa has announced that it’s testing the ability to settle payments in USD Coin (USDC), becoming the first major payment platform to accept transactions directly in the stablecoin. The first such settlement in USDC – a stablecoin pegged to the US dollar at a 1:1 ratio and transacted over the Ethereum blockchain – was conducted earlier this month, Visa and its partner Crypto.com announced on Monday. The crypto platform sent USDC to Visa’s Ethereum address at digital asset bank Anchorage. The move marks “a huge milestone for the industry as crypto and fiat networks begin to converge,” Visa’s partner Crypto.co

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