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Visa Launches Stablecoin Pilot for Cross-Border Payments via Visa Direct
Visa Launches Stablecoin Pilot for Cross-Border Payments via Visa Direct
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BTCCSquare news:
Visa has initiated a pilot program allowing businesses to use pre-funded stablecoins for cross-border transactions through its Visa Direct platform. The MOVE eliminates the need for large fiat balances upfront, aiming to reduce friction and accelerate liquidity access.
The payments giant will treat stablecoin deposits as "money in the bank," enabling immediate payout availability. This development reflects Visa's accelerated stablecoin strategy amid growing regulatory clarity in major jurisdictions.
Traditional finance players are increasingly adopting crypto-pegged tokens as jurisdictions establish formal oversight frameworks. Visa's pilot signals institutional recognition of stablecoins' efficiency advantages in global money movement.
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