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Visa rolls out stablecoin pilot program with partner

March 29, 2021

Major card network provider Visa, is rolling out a pilot program to settle transactions with a digital stablecoin via the cryptocurrency Ethereum.

San Francisco-based Visa said in a press release today that it’s tapping a pack of partners to make the new service happen in its evolving efforts to bridge traditional fiat currencies to the world of digital assets. USD Coin is a stablecoin backed by the U.S. dollar and its standards were developed by Centre Consortium.

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