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Visa launches stablecoin payment pilot, supports creators and freelancers to receive payments directly in USDC
Summary: Global payment giant Visa has officially announced the launch of a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC issued by Circle through Visa Direct, enabling cross-border instant settlement. During the pilot phase, businesses can initiate payments in fiat currency in the US, while recipients can choose to ...
Global payment giant Visa has officially announced the launch of a stablecoin payment pilot program, allowing creators, freelancers, and businesses to receive payments directly in USDC issued by Circle through Visa Direct, enabling cross-border instant settlement.
During the pilot phase, businesses can initiate payments in fiat currency in the US, while recipients can choose to receive USDC directly, with funds arriving in minutes, providing convenience for users in regions with currency fluctuations or limited bank access.
Visa's Chief Commercial Officer and Head of Money Movement Solutions, Chris Newkirk, stated: 'The introduction of stablecoin payments means achieving 'funds arriving in minutes,' allowing users worldwide to quickly and securely receive income.'
It is reported that this pilot is an expansion of Visa's stablecoin program. In September of this year, Visa conducted a 'stablecoin pre-funding' pilot, allowing businesses to fund Visa Direct accounts with stablecoins, while this is the first time supporting end users to receive payments directly in stablecoins.
Recipients must have a stablecoin wallet that meets Visa's standards and undergo KYC/AML verification. Visa stated that the program will be expanded to more partners in the second half of 2026, currently only supporting USDC.
Since 2020, Visa has facilitated over $140 billion in crypto and stablecoin transactions and launched over 130 card projects linked to stablecoins in more than 40 countries. (The Block)
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