Visa Launches USDC-Based Stablecoin Payout Pilot to Revolutionize U.S. Digital Payments
Visa is advancing its digital payments infrastructure with a new pilot program enabling U.S. businesses to send stablecoin payouts directly to crypto wallets. Announced at the Web Summit in Lisbon, the initiative bridges traditional banking systems with blockchain technology, targeting faster cross-border transactions and supporting the growing gig economy.
The pilot leverages Visa Direct, facilitating near-instant transfers of USD-pegged stablecoins like USDC. Recipients can opt for fiat or stablecoin settlements, gaining flexibility and quicker access to earnings. This MOVE aligns with rising institutional adoption of stablecoins, with a broader rollout anticipated by 2026.