Visa Pilots Stablecoin Payments For US Businesses, Accessing Fast Digital Transactions

Visa has launched a pilot program in the United States allowing businesses to send fiat-funded stablecoins directly to users’ crypto wallets through its digital payments network, Visa Direct. This marks a significant step towards enabling faster, more accessible payments worldwide. The pilot allows for USDC (USDC) payouts and is focused on businesses with international operations or in the freelance/gig economy sectors. Visa cites a recent study that shows 57% of gig workers prefer digital payment methods for faster access to funds.