US EditionVisa Leverages Stablecoins for Faster Cross-Border Payments
Visa's pilot lets financial institutions pre-fund cross-border payments with stablecoins, unlocking liquidity and cutting costs, with over $225 million settled so far, company says.
- On Tuesday, Visa launched a Visa Direct pilot that lets businesses fund cross‑border payouts with Circle's USDC and EURC instead of pre‑depositing cash.
- Regulatory clarity from the Genius Act prompted major players to test stablecoin use, as Visa executives said the law legitimised efforts and eased institutional caution for pilots.
- Visa has processed over $225 million in stablecoin volume, and Nelsen said, `The amount of software and technology that's been deployed globally for payments is hard to recreate.`
- Industry watchers warn that if the pilot succeeds, global companies could free up billions in idle cash and reduce reliance on correspondent banking, risking pressure on regional banks, Tuttle Capital Management Matthew Tuttle said, `Stablecoins are moving from crypto gimmick to financial plumbing. It's one of the reasons we launched an inverse regional bank exchange-traded fund, as I think the regionals are in trouble`.
- Last week, stablecoin market cap stands at over $307 billion, with RedotPay raising $47 million and Visa planning to expand the pilot next year, following industry momentum.
33 Articles
33 Articles
Visa leverages stablecoins for faster cross-border payments
Visa (V.N) said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius Act, a law that set clear rules for stablecoin issuers. "The Genius Act changed everything. It made everythin…
Visa Embraces Stablecoins to Shake Up Cross-Border Payments
Visa is piloting a new system that lets businesses fund international payments with stablecoins instead of pre-depositing cash in local accounts, signaling a major shift in the global payments industry. Traditionally, companies have been forced to lock up large sums in multiple currencies to cover local payouts, slowing down transactions and tying up liquidity. Stablecoins, […] The post Visa Embraces Stablecoins to Shake Up Cross-Border Payments…
Visa Tests Pre-Funded Stablecoins for Cross-Border Payments
Visa Inc. is testing a pilot program that gives financial institutions, banks and remittances providers the option of using pre-funded stablecoins to make cross-boarder payments faster and more flexible without users having to tie up cash for extended periods of time.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
