Visa Expands Stablecoin Operations to Europe, the Middle East, and Africa

According to CoinDesk, payment card giant Visa has expanded its stablecoin business to Central and Eastern Europe, the Middle East, and Africa, and has established a strategic partnership with African cryptocurrency exchange Yellow Card.

Visa is clearly ramping up its investment in stablecoins, as these assets are rapidly becoming the new infrastructure for internet payments. Just last month, Visa also invested in BVNK, a payment company based on stablecoins.