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.