Visa Expands Settlement Network to Include More Stablecoins and Blockchains

Trusted, scaleable and interoperable

Aug 08, 2025

Visa adds settlement support for more stablecoins

Visa is expanding its backing for stablecoins, adding settlement support for three more coins as well two new blockchains.

Stablecoin adoption is exploding, with $27 trillion in total transaction volume globally across 1.25 billion transactions in 2024, according to Visa analysis.

In 2023, the card scheme became one of the first major payments networks to settle transactions in stablecoin when it piloted enabling clients to fulfil their settlement obligations in USDC.

We believe that when stablecoins are trusted, scalable and interoperable, they can fundamentally transform how money moves around the world.
Rubail Birwadker, Visa

Through a partnership with Paxos, it is now adding support to dollar-backed stablecoins, Global Dollar (USDG) and PayPal USD (PYUSD), as wells as Circle's euro-backed EURC.

In addition, the payments giant has added support for the Stellar and Avalanche blockchains on top of the already backed Ethereum and Solana.

In recent months, the firm has taken a stake in stablecoin infrastructure platform BVNK and undertaken a partnership with Stripe-owned Bridgeto help bring stablecoin-linked cards to more people in more places.

More: Hong Kong to issue first stablecoin licences in early 2026

Switzerland: SIC Instant Payments

One year on, one year to go for Phase 2

For over 12 months, 60+ financial Phase 1 institutions in Switzerland have been able to receive and process instant payments, covering more than 95% of Swiss retail payment transactions.

Now, it is the turn of 260 more banks that will need to follow suit by August 2026.

Join Bottomline, which has connected over 60 banks to SIC IP as part of phase 1, SIXand t’Charta, as they clarify what key priorities and strategies worked for phase 1 and what processes should not be underestimated for a successful implementation.

Webinar: Thursday, August 28, 2025 at 3:00 PM Central European Summer Time

SIC Instant Payments

Payments:Unpacked

Aug 7

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Switzerland: SIC Instant Payments

For over 12 months, 60+ financial Phase 1 institutions have been able to receive and process instant payments in Switzerland, covering more than 95% of Swiss retail payment transactions.

Ahead of the SIC Instant Payments webinar “One year on, one year to go for Phase 2” Vitus Rotzer, Chief Product Officer for Financial Messaging at Bottomline has been discussing his view on the evolving payments landscape with the International Banker.

Vitus was asked: Switzerland has made significant progress in advancing its digital-payment landscape by successfully launching the first phase of SIC Instant Payments (SIC IP) on August 20, 2024. What are some of the key requirements of this phase, particularly those with the greatest impact on Bottomline? How did Bottomline enable 60-plus banks to go live with SIC IP as part of Phase 1?

Bottomline has roughly half of the market share in Switzerland and a strong heritage of supporting customers with ISO 20022 (back to 2016), SIC IP and other key initiatives such as euroSIC. However, I think the introduction of instant payments in Switzerland has been a big change and a big move for many banks. Banks and financial institutions in Switzerland realise that it’s not only about technology and connectivity but also collaboration as a payment ecosystem. As a result, our clients have relied on us because we have been quick to market. In fact, the first instant-payment transaction was processed on Bottomline rails. This is a strong example of how we support clients from the ground up, or as we like to say, “From top to Bottomline”. This includes offering the system in a highly available context, which was required for SIC. Now, the challenge for banks is about bridging the gap with their core banking to ensure it is 24/7 and can maintain the necessary liquidity and real-time balance positioning. We also have multiple partners in Switzerland that offer a variety of solutions via different integration models. This allows us to offer our customers a true end-to-end solution in a timely manner, ensuring their compliance with regulatory requirements and disaster-recovery best practices.
Phase 2 of SIC IP is just another cohort of roughly 260 banks that are now mandated, so they expanded it from the top 20 percent of banks in Switzerland in Phase 1 to all banks doing SIC processing, as SIC payments need to be available via SIC Instant Payments. Therefore, we will continue to serve the market, continue our partnerships and support even more Swiss clients in achieving their goals by the 2026 deadline.
For Phase 2, we will definitely bring the knowledge and experience we gained in Phase 1. Being one of the main partners for all of these banks in the first phase positions us very well for the next phase. We have a proven record of successful projects that we can leverage, and this extends to working with banks that have a lower volume and value of payments, which see SIC as a compliance requirement more than a strategic business case. Everyone needs to comply, but a one-size-fits-all solution is not the right approach. Rather, we offer tailored and scalable solutions. Time to market is going to be critical for all banks, and the Bottomline solution is ready, live and proven.
Vitus Rotzer, Chief Product Officer for Financial Messaging at Bottomline

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Strategic Positioning