
Visa is piloting a stablecoin payout service via Visa Direct, enabling creators and gig workers to receive USD-pegged tokens within minutes for faster cross-border payments.
Visa announced the pilot launch of a stablecoin payment service on February 12, enabling businesses to pay creators and gig workers in USDC or other USD-pegged stablecoins via Visa Direct. Payers send fiat currency, which is converted into stablecoins for recipients, with transfers completed within minutes. The service aims to accelerate cross-border transactions and provide a digital alternative to traditional bank payouts, expanding on Visa’s earlier September trial.