đ **Visa Unveils New Platform for Fiat-Backed Tokens on Ethereum!**
Visa has launched a groundbreaking product to help banks issue fiat-backed tokens on the Ethereum network. The Visa Tokenized Asset Platform (VTAP) aims to digitize and automate processes for exchanging real-world assets (RWAs) like commodities and bonds. Spanish bank BBVA is set to be one of the first to pilot VTAP, with a live rollout expected in 2025.
Visa's blockchain ventures are expanding, having processed USDC payments on Ethereum and partnering with Brazil's central bank on a CBDC project.
đŹ What do you think about Visa's latest move? Share your thoughts below!