Visa has launched a new pilot program that leverages stablecoins to modernize international money transfers for businesses, Reuters reported on Tuesday.
The initiative will allow corporate clients, including banks and remittance service providers, to pre-fund their Visa Direct accounts with stablecoins such as USDC and EURC instead of traditional fiat money.
This approach treats stablecoins as "money in the bank," allowing businesses to send payments abroad without having to hold large sums of cash days in advance.
The goal is to dramatically reduce settlement times from days to mere minutes, providing businesses with faster access to liquidity.
A Visa spokesperson said the move aims to "unlock instant, global and programmable payouts" while ensuring that recipients always receive payment in their local currency.