Visa is launching a stablecoin prefunding pilot through Visa Direct, in a bid to make cross-border payments faster and more flexible.
Visa Direct Will Utilize Stablecoins For The First Time
Payments giant Visa has announced a new pilot program for Visa Direct, the firm’s real-time global payments platform. According to the announcement, which occurred at Sibos 2025, businesses will be able to prefund cross-border payments with stablecoins , cryptocurrencies pegged to a fiat currency.
Until now, Visa Direct users could only prefund their international payments using fiat. Such transactions were slow, sometimes taking days, forcing businesses to park their capital in advance. With the use of stablecoins, however, settlement can occur in minutes.
Chris Newkirk, President, Commercial &