Visa has issued a request for product (RFP) to find a new stablecoin settlement partner. The RFP highlights the need for a stablecoin that can be used for a range of transactions. The goal is to support multiple stablecoins to give clients more flexibility. Visa's current stablecoin settlement partner, BVNK, was recently sold to Mastercard. This has led to a gap in Visa's stablecoin offerings, prompting the search for a new partner. The new partner will need to be able to support multiple stablecoins, including USDC and USDT. This will provide clients with more options for settling transactions in stablecoins.
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.