Visa Pioneers Instant Global Payments Using USDC Stablecoin
Visa has launched a pilot program that enables businesses to send payouts directly to recipients' stablecoin wallets, utilizing USDC for near-instant cross-border transactions. The initiative is designed to benefit freelancers, creators, and gig workers in regions with limited banking infrastructure, providing a faster alternative to traditional fiat transfers.
The Visa Direct pilot converts fiat-funded payouts to USDC upon receipt, addressing challenges related to currency volatility and accessibility. This development highlights the increasing institutional adoption of stablecoins for practical financial solutions, streamlining global payment flows by reducing reliance on intermediaries.