Visa Unveils Pilot Program Using Stablecoins for International Payments

Visa has launched a pilot program aimed at enabling businesses to fund international payments using stablecoins instead of traditional currency deposits. The move follows recent regulatory clarity from the U.S. government, specifically the Genius Act, which established standards for stablecoin issuers. This innovative initiative aims to streamline cross-border transactions by reducing capital tied up in foreign bank accounts and enhancing speed and efficiency.