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Visa stablecoin su Ethereum: il lancio con BBVA nel 2025
By Daniele Corno
BBVA, in partnership with Visa, will use the VTAP platform to introduce a new stablecoin on Ethereum in 2025
Visa and BBVA together for tokenization on Ethereum
In 2025, BBVA will launch a stablecoin on Ethereum in collaboration with Visa. The bank will use the Visa Tokenized Asset Platform (VTAP), a solution that simplifies the adoption of blockchain in financial services. Visa has made it clear that its goal is to make blockchain easier to integrate into banks’ daily operations.
BBVA tested the platform in a controlled environment, called Sandbox, in 2024, testing the effectiveness of stablecoin in the issuance, transfer, and redemption phases. The Spanish bank sees great potential in smart contract technology to improve payment processes, making them more efficient.
According to Vanessa Colella, Global Head of Innovation at Visa, tokenization is a key key to helping banks enter the world of blockchain without compromising their operations.
BBVA and crypto expansion in Switzerland
Meanwhile, BBVA has already made progress in the crypto sector in Switzerland with the integration of USD Coin (USDC). This stablecoin, linked to the U.S. dollar, was introduced to offer institutional clients protection against the volatility of the crypto market. In addition to holding USDC, clients can also trade it and convert it automatically into other fiat currencies.
With this strategy, BBVA ranks among the few European banks adopting regulated crypto solutions, thus offering security and easy access to the infrastructure for its clients.
