Visa (V) Launches Stablecoin Settlement Program in Canada

John Armitage ranks among the richest hedge fund managers in the world. Visa Inc. (NYSE:V) is one of John Armitage’s largest holdings, accounting for 12.47% of the billionaire’s total portfolio.

On May 5, Visa Inc. (NYSE:V) and Wealthsimple launched a trial agreement to enable stablecoin settlements in the Canadian market. The agreement enables Wealthsimple to satisfy specific responsibilities with Visa Canada using USD Coin (USDC), making it Canada’s first stablecoin settlement program.

The trial adds to Visa’s global stablecoin settlement capabilities, which the company says were on track to reach a $7 billion annualized run rate in settlement traffic by March 2026.

On the same day, Visa Inc. (NYSE:V) revealed an expansion of its Visa Agentic Ready program to include providers in Canada. The program’s goal is to make the Canadian payments environment ready for commerce, in which AI agents start and finish payments on behalf of customers. Visa Agentic Ready has already been made available in Europe, Latin America, and Asia-Pacific, and will be expanded to additional regions this year.

Visa Inc. (NYSE:V) is a digital payments technology company that operates a global payment network, connecting consumers, merchants, and financial institutions to facilitate electronic transactions.

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