Visa transfers cross-border payments to stablecoins

Visa has announced the launch of a new service focused on the use of USDC and EURC stablecoins. The main advantage of the new solution is the ability to replenish Visa Direct's balances with these digital assets without having to freeze funds in traditional fiat currencies. At the stage of receiving funds, such tokens will be automatically converted into local money.

Visa believes that the introduction of stablecoins into cross-border payments will provide significant benefits to small businesses and freelancers. This innovation will simplify the process of international transfers and ensure that savings are protected from the negative effects of inflation.

A pilot project of the Visa Direct payment system, including the possibility of using stablecoins for cross-border transactions, is scheduled for the first half of 2026. At the initial stage, access to the service will be limited and provided only to some of the company's partners.

In addition, the head of Visa, Ryan McInerney, previously reported that over the past few years, the company has successfully processed transactions in stablecoins in excess of $200 million.