Fast and Universal Payments with Stablecoins

According to Visa, the pilot allows recipients to choose to receive their funds in stablecoins. U.S.-based platforms and businesses can transfer payments directly from fiat-funded accounts to the wallets of users, employees, or freelancers.

Chris Newkirk, Visa’s Head of Money Movement Solutions, emphasized the significance of the project: “Launching stablecoin payments means providing truly universal access to money in minutes, not days, for anyone, anywhere in the world.”

Initially, Visa plans to collaborate with selected partners during the pilot, with broader availability expected in 2026. The program is primarily aimed at businesses with international operations and those operating in the gig economy, which relies heavily on fast digital payments. Research indicates that 57% of gig workers prefer digital payment methods for quicker access to funds.

Visa Direct and USDC/EURC Trials

In September, Visa Direct began testing instant transfers using USDC and EURC, enabling faster treasury settlements between businesses. This development aims to streamline financial processes and reflects the growing institutional interest in digital payment solutions.

Regulatory Clarity and Corporate Adoption

Visa’s expansion comes in the wake of the GENIUS Act in the U.S., a law establishing federal guidelines for stablecoins. This regulatory clarity is helping payment networks to integrate stablecoin transactions more confidently.

Corporate engagement is also increasing. Citigroup is exploring stablecoin payments, while Western Union plans to launch a digital asset settlement system on Solana. Meanwhile, major Wall Street banks, including JPMorgan and Bank of America, are in the early stages of developing their own stablecoin initiatives.

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