Visa has partnered with Circle to integrate USDC into its payments network, according to a Forbes report on Dec. 3.

• Visa announced that it will bring the USDC stablecoin to the 60 million merchants on its payments network
• The payments firm will not act as a custodian, but will work with Circle to integrate the asset into credit cards
• The result is that businesses will be able to send payments internationally to any Visa supporting business, which are then converted to the local currency
• Circle is a member of the Visa Fast Track program, an innovation program aimed to accelerate developments in fintech
• Circle is expected to graduate from the Fast Track program in Q1 2021, alongside which Visa will issue the first of a kind crypto-supporting corporate card that it expects will increase the utility of CBDC for businesses
• Visa has also obtained 25 crypto wallet providers for the initiative, including Fold and Cred 
• Visa has ramped up its crypto research and development in 2020, and had considered Ethereum for a digital currency