Visa has announced its first transaction settled with USDC, the USD digital currency.
In Brief:
Terry Angelos, SVP and Global Head of FinTech at the payments giant, shared the news on Twitter on Monday.
USDC is a Stablecoin with the basis of 1:1 to the US Dollar.
It's based on Ethereum.
What does this mean?
In a blog post, Visa shared that it aimed to make secure, efficient and seamless payments in a digital coin, and examined how its achievement could be expanded to other Central Bank Digital Currencies.
