Visa Partners With Aquanow to Boost Stablecoin Use Across CEMEA

TLDR

• Visa has partnered with Aquanow to expand stablecoin settlements across Central and Eastern Europe, the Middle East, and Africa.
• The partnership allows Visa to use USDC for faster and more cost-efficient cross-border transactions in the CEMEA region.
• Visa aims to modernize back-end payment infrastructure by reducing dependence on traditional systems and intermediaries.
• Aquanow will provide crypto infrastructure to support Visa’s blockchain-based transaction settlement process.
• Visa’s solution enables institutions in the region to settle payments quickly and operate around the clock.

Visa is extending its stablecoin settlement program across Central and Eastern Europe, the Middle East, and Africa (CEMEA). The company announced a partnership with Aquanow to streamline backend payment processes using stablecoins. This move supports Visa’s broader strategy to modernize cross-border settlement infrastructure.

Visa Enables Faster Payments Using USDC

Visa confirmed the integration of USD Coin (USDC) for settlements through its collaboration with Aquanow. The stablecoin will help reduce costs and improve transaction speed for institutional partners. This initiative supports real-time settlement capabilities in global payment ecosystems.

According to Visa, banks and payment providers in CEMEA have requested faster and more efficient services. Through this partnership, Visa aims to fulfill that demand using blockchain-based digital assets. The solution allows institutions to settle transactions in a simpler, continuous manner.

Godfrey Sullivan, Visa’s Head of Product and Solutions for CEMEA, emphasized the benefits of the change. “Institutions in this region can experience faster and simpler settlements,” he said. He noted that it helps move away from intermediaries and legacy systems.

Aquanow Supports Visa’s Blockchain Strategy

Aquanow will provide the crypto infrastructure necessary for Visa’s expansion into blockchain-based settlement in CEMEA. The platform facilitates stablecoin payments and conversions between fiat and digital assets. It enables Visa to use approved stablecoins for reliable and quick transaction processing.

The company helps deliver real-time crypto liquidity for institutions using Visa’s rails. This includes enabling USDC transfers that replace conventional banking wires and SWIFT-based flows. The joint setup works across multiple markets where stablecoins are approved.

Visa stated that its aim is to digitize back-end systems, replacing outdated frameworks with programmable payments. “Our partnership with Aquanow is another key step,” said Sullivan. He highlighted its role in preparing the ecosystem for future digital money flows.

Stablecoins Gain Momentum in Traditional Finance

Visa’s announcement follows Deutsche Börse’s plans to integrate a euro-pegged stablecoin called EURAU into its platform. EURAU, issued by AllUnity, will join other euro-based digital currencies in Deutsche Börse’s custody and settlement services. The group is working toward full integration across its operations.

Other stablecoins like Euro Coin (EURC) and EUR CoinVertible (EURCV) are also part of Deutsche Börse’s plans. The exchange group aims to connect traditional finance with blockchain assets. This aligns with Visa’s ongoing developments in stablecoin utility.

Regulatory discussions continue as stablecoins enter mainstream payment and settlement use. The Basel Committee is reviewing its risk weighting rules for crypto exposures. Swedish central bank governor Erik Thedéen suggested new regulatory frameworks could emerge soon.

Bank of England’s Deputy Governor Sarah Breeden stated the UK will likely align with the US on stablecoin regulations. She acknowledged the importance of maintaining parallel developments with other major financial jurisdictions. Visa’s latest move adds urgency to those discussions.

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