Visa has announced that payment will be compatible with USD Coin, it is working
on integrating USDC stablecoin as a settlement currency for transactions on its
payment network.

The announcement by the payment company came on March 29th. The feature is
expected to be launched by the end of this year with complete functionality also
the significance of the feature means ?that crypto transactions will be made
possible via USDC.

USDC is a stablecoin directly pegged to the U.S. dollar in a ratio of 1:1.
According to Coinmarketcap, USD Coin is ranked second among stablecoins behind
the Tether (USDT) with a market cap of $10,561,481,540.
– The BlockChain.News, Annie Li

Visa has also launched a pilot program with the payment and encryption platform
Crypto.com and plans to offer the USDC settlement to more partners later this
year.

The purpose of Visa’s support is to eliminate the increasing need to convert
cryptocurrencies into traditional currencies for online payment settlement by
offering stablecoins.
– The BlockChain.News, Annie Li

Major investors such as JP Morgan and Square continue to invest in digital
currencies Bitcoin (BTC [https://blockchain.news/tag/BTC]) has grown
accordingly, topping $58K yesterday.