Visa Pilots Pre-Funded Stablecoins for Cross-Border Payments

Visa is launching a pilot program to allow businesses to use stablecoins for pre-funding transactions through its real-time payments platform, Visa Direct. This initiative aims to eliminate the need for businesses to maintain large fiat balances for cross-border payments, enabling them to pre-fund their Visa Direct accounts with stablecoins instead. Visa will consider these stablecoins as liquid assets, effectively treating them as 'money in the bank.' The goal is to reduce transaction friction, enhance access to liquidity, and provide financial institutions with increased flexibility in managing global payouts. As interest in stablecoins grows, Visa is also navigating the evolving landscape of cryptocurrency regulation and utilization.

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