Visa taps Aquanow to expand stablecoin settlement in CEMEA
Visa has just made it a lot easier for financial institutions in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region to settle transactions using stablecoins.
- Visa has expanded its stablecoin settlement capabilities in the CEMEA region through a partnership with Aquanow.
- The collaboration enables Visa’s network to settle transactions 365 days a year, reducing reliance on traditional systems.
- This partnership builds on Visa’s successful 2023 stablecoin pilot and supports growing demand from financial institutions.
A new collaboration with Aquanow aims to create faster stablecoin settlements with fewer headaches, lower costs, and cut down on the old-school bottlenecks of traditional payment systems.
As financial institutions have increasingly demanded more efficient cross-border transactions, Visa is taking the plunge to digitize the backend of money movement.
In 2023, Visa became one of the first major payment networks to settle transactions in stablecoins, starting with USDC.
Fast forward to today, and Visa’s stablecoin settlements have hit a $2.5 billion annualized run rate. Clearly, it’s catching on.
Phil Sham, CEO of Aquanow, expressed enthusiasm for the collaboration.
“Visa’s network has always been a trusted powerhouse in moving money securely and efficiently,” he said. “By combining our expertise in digital assets with their global reach, we’re unlocking new ways for institutions to take part in the digital economy, all while benefiting from the speed and transparency of the internet.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big Week Ahead: Ripple Heads to NYC With Wall Street Heavyweights
VIPOil Risk Premiums and rToken Dividend Arbitrage Strategies
1. This week we focus on cross-asset positioning under an energy shock and arbitrage opportunities in tokenized-stock cash dividends. We recommend assessing market direction separately from income sources. Higher oil can weigh on growth valuations, lift inflation expectations, and spark expectations of Fed rate hikes, putting pressure on equities and crypto. 2. rToken net cash dividends can be distributed separately, but buying spot, shorting a perpetual, and holding across the record date does not automatically create an arbitrage. First confirm ex-dividend eligibility, platform snapshots, after-tax amounts, and the corporate-action rules for the short leg. Then compare funding fees, spreads, and execution costs. A dividend arbitrage strategy can be applied to STRC. 3. Next week's Fed decision and major technology earnings are key. Lower policy uncertainty can help restore risk appetite, but a sustained rebound still needs confirmation from rates, cloud growth, capital expenditure, and free cash flow. Our base case is a monthly-timeframe rebound in risk assets and crypto as earnings season, the Fed meeting, and the midterm elections pass and uncertainty recedes. Assets in focus: BTC, ETH, SOL, WTI, ASML, MSFT, GOOG, AMZN, CAT, and STRC
Goldman Sachs Names One Trade to Hedge an AI Market Shock
Big Tech Earnings Are a No-Win Test as Investors Punish Both Capex Cuts and Hikes
Crypto prices
More
