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Visa pilots US stablecoin with Crypto.com to settle transactions

March 30, 2021

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The USD Coin option, which is pegged to the US dollar, will become available to more partners “later this year”, the card issuing giant said on Monday.

“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies,” says Cuy Sheffield, Visa’s head of crypto.

“And we’re seeing demand from our clients to be able to build products that provide that access for consumers.”

Until now, Crypto.com Visa card users would need their digital currency to convert into traditional money before it could be spent.

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