BaaS provider NymCard enabled USDC-based stablecoin settlement for card transactions with Visa in the Gulf Cooperation Council (GCC) region.
The collaboration facilitates faster, 24/7 settlements.
The initiative highlights Visa's ongoing efforts to integrate blockchain technology and digital currencies into its global payment network.
This follows comments made by Visa's CEO in late January 2026, who noted a lack of consumer demand for stablecoins in everyday payments in developed markets, suggesting a focused strategy on settlement use cases.