Visa to Launch Stablecoin Pilot for Faster Global Payouts
Visa has revealed plans to initiate a stablecoin prefunding pilot via Visa Direct, aiming to transform international money transfers. The pilot, spearheaded by Mark Nelsen, Head of Commercial and Payment Solutions Product at Visa, will empower businesses to leverage stablecoins for swifter and more versatile global payouts.
The pilot program, slated to commence in 2026, will initially engage select partners. It aims to facilitate near-instant money transfers, superseding the current multi-day process. This enhanced liquidity management could substantially benefit banks, remittance providers, and other financial institutions.
Under the pilot, businesses will dispatch Visa stablecoins instead of traditional currencies to fund payouts. Visa will regard these stablecoins as equivalent to cash, providing a dependable settlement layer and curbing exposure to currency fluctuations. This could stabilize treasury operations and decrease the cost of escalating pre-funding frequency. Furthermore, it could liberate capital previously locked in pre-funded fiat accounts, bolstering overall liquidity.
The stablecoin prefunding pilot, projected to expand in 2026, promises to modernize treasury operations in the digital-first economy. By enabling faster, more adaptable international money transfers, it could furnish businesses with a substantial competitive edge. Visa's endeavor signals a stride towards broader adoption of stablecoins in global finance.
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