Visa Now Accepting USDC As Native Currency

Happy Monday, Blockfolians!

The Lede

It’s been a big year for stablecoins. You’ve got Tether settling with the New York Attorney General, putting a lid on one of the most persistent FUDs in crypto history. You’ve got discussions of central bank digital currencies around the globe.

And as of today, you have one of the world’s most important financial companies - Visa - accepting the fast growing USDC stablecoin as a native currency and final settlement mechanism.

In other words, for the first time, Visa will be accepting USDC as payment - not requiring it to be converted into fiat first. The program is initially limited to a pilot with Crypto.com but should be rolling out more broadly later this year.

Just another step on the path to mass adoption.

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.


Highly Relevant Reading

  • Even a looming crypto ban can’t keep India’s millennials away

  • Took former SEC Chair Jay Clayton less than one quarter to start hooking up with crypto firms

  • Hello Bitcoin cash-back mortgage program

  • Crypto fund flows at their lowest point since last October


Community Commentary

Do you agree with this thesis?
Hello Texas!

A Really Big Number We Should Be Paying Attention To

$20,000,000

That’s the size of a new Tendermint fund for development on Cosmos


Final Thought

So this happened