{"id":18409,"date":"2025-11-27T16:19:31","date_gmt":"2025-11-27T15:19:31","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=18409"},"modified":"2025-11-27T16:19:31","modified_gmt":"2025-11-27T15:19:31","slug":"visa-teams-up-with-aquanow-to-boost-usdc-transactions-in-the-cemea-region","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/27\/visa-teams-up-with-aquanow-to-boost-usdc-transactions-in-the-cemea-region\/","title":{"rendered":"Visa Teams Up with Aquanow to Boost USDC Transactions in the CEMEA Region"},"content":{"rendered":"

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Exciting news! Visa is ramping up its use of stablecoins for settling transactions across Central and Eastern Europe, the Middle East, and Africa (CEMEA) through a fantastic new partnership with Aquanow, a leading crypto infrastructure company.<\/p>\n

In a recent announcement<\/a> on Thursday, Visa shared that they\u2019re teaming up with Aquanow to settle transactions using approved stablecoins like USDC. This exciting move aims to cut costs, ease operational struggles, and speed up settlement times. With a growing demand for quicker and more affordable cross-border payments from banks and payment companies, this partnership comes at just the right time.<\/p>\n

The goal? To harness stablecoins for digitizing the backend of money transfers and allowing settlements to happen 24\/7! Godfrey Sullivan, Visa\u2019s head of product and solutions for the CEMEA region, mentioned that this integration will mean \u201cfaster and simpler settlements\u201d for institutions in the area.<\/p>\n

\u201cWorking with Aquanow is a crucial step toward modernizing payment systems, reducing dependency on traditional methods with many middlemen, and getting ready for the future of money transfers,\u201d he added.<\/p>\n

Aquanow CEO Phil Sham (left) and Visa CEMEA head of product and solutions Godfrey Sullivan (right). Source: <\/em>Visa<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Stablecoins become \u2018global macroeconomic force\u2019 as transactions reach $46T: Report<\/strong><\/em><\/a><\/p>\n

Stablecoin adoption skyrockets!<\/h2>\n

Originally, stablecoins were a simple way for crypto users to transfer funds between exchanges. Now, they\u2019ve evolved to become as crucial as the US dollar in the on-chain economy. And guess what? They’re making waves beyond the crypto realm, increasingly being used for institutional settlements and payments!<\/p>\n

Just earlier this week, Deutsche B\u00f6rse<\/a> announced exciting plans to integrate the EURAU, a euro-pegged stablecoin from AllUnity. This step will broaden their digital-asset strategy after previous partnerships with Circle\u2019s Euro Coin (EURC<\/a>) and Societe Generale-Forge\u2019s EUR CoinVertible (EURCV).<\/p>\n

Related: <\/strong><\/em>Standard Chartered predicts $1T may shift from emerging market banks to stablecoins by 2028<\/strong><\/em><\/a><\/p>\n

Deutsche B\u00f6rse is set to start integrating EURAU into its institutional custody service, promising a full \u201cintegration of the euro stablecoin across their entire service portfolio\u201d in the future.<\/p>\n

Meanwhile, regulators are still figuring out how to classify and supervise stablecoin impacts within the banking system.<\/p>\n

Erik Thed\u00e9en, the governor of Sweden’s central bank and chair of the Basel Committee on Banking Supervision, recently acknowledged that the committee might need a \u201cdifferent approach\u201d to the current 1,250% risk weighting for crypto exposures.<\/p>\n

On another note, Bank of England Deputy Governor Sarah Breeden mentioned her expectation<\/a> that the UK will keep pace with US stablecoin regulations, indicating that major players might synchronize efforts as stablecoins become an integral part of payment and settlement methodologies.<\/p>\n

Magazine: <\/strong><\/em>Crypto aimed to topple banks, but now it\u2019s stepping into their shoes in the stablecoin showdown<\/strong><\/em><\/a><\/p>\n