Visa taps Aquanow to expand stablecoin settlement across Europe, Middle East, and Africa | The Block
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Saved February 14, 2026
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Visa is collaborating with Aquanow to enhance stablecoin settlement services in Central and Eastern Europe, the Middle East, and Africa. This partnership aims to streamline transactions using approved stablecoins like USDC and eliminate delays associated with traditional banking systems.
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Visa has teamed up with Aquanow, a cryptocurrency infrastructure provider, to enhance stablecoin settlement services in Central and Eastern Europe, the Middle East, and Africa (CEMEA). This partnership aims to allow Visa's network of issuers and acquirers in these regions to process transactions using approved stablecoins like USDC. By integrating this technology, Visa can provide 365-day settlement, which eliminates the delays caused by weekends and holidays that are typical in traditional banking systems.
The move comes as Visa reports an annualized stablecoin settlement volume of $2.5 billion. Godfrey Sullivan, Visa's head of product for CEMEA, highlighted that this collaboration is a significant step toward modernizing payment processes. It reduces the reliance on conventional systems and multiple intermediaries, making transactions more efficient. Phil Sham, CEO of Aquanow, echoed this sentiment, emphasizing that the partnership opens new opportunities for institutions to engage in the digital economy, taking advantage of the speed and transparency offered by stablecoin technology.
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