Visa Launches Global Stablecoin Payouts with Inyo Global Partnership
- Visa has partnered with Inyo Global to launch real-time USDC stablecoin payout funding in over 180 countries.
- The system allows institutions to prefund cross-border payments around the clock, bypassing traditional banking hours.
- Visa’s stablecoin volume has surged by a factor of fifteen, reaching a $20 billion annual run rate.
- In September, Visa completed its first stablecoin settlement with Lloyds Banking Group using USDC.
Visa has moved its stablecoin payments pilot into production, enabling real-world commercial applications through its partnership with Massachusetts-based Inyo Global. This initiative allows businesses to leverage Visa Direct for more efficient liquidity management and cross-border transactions.
With this rollout, Visa aims to enhance global payment systems by offering predictable settlement values outside normal banking hours, reflecting a significant increase in stablecoin adoption and usage on its network. (Source)
