Visa Launches Pilot for Direct Stablecoin Payments to Support Global Workers
- Visa is testing a system allowing businesses to send payments directly to stablecoin wallets, specifically targeting creators and gig workers.
- Payments are made in dollar-backed stablecoins, such as USDC, enabling faster access to funds.
- The pilot aims to reduce payment delays for freelancers working across borders by allowing businesses to fund payouts in fiat currency.
- Transactions will be recorded on public blockchains, promoting transparency and easier recordkeeping.
- Visa plans a broader rollout of this service in 2026 as regulatory frameworks evolve and demand increases.
This initiative by Visa aims to enhance financial access for individuals in regions with unstable currencies or limited banking options, facilitating quicker payments globally.
With the new system, Visa seeks to enable universal access to money within minutes rather than days, significantly benefiting users like freelancers and creators.(Source)
