At SIBOS 2025, Visa (V) announced it will launch a stablecoin prefunding pilot through Visa Direct, giving businesses a new way to move money globally. With this pilot, Visa Direct is testing stablecoins as a new funding source. The goal: reduce friction, unlock faster access to liquidity and give financial institutions more flexibility in how they manage global payouts. “Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, President, Commercial & Money Movement Solutions, Visa. “Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on V:
- Visa Appoints Bill Ready to Board of Directors
- Visa Adjusts Conversion Rates Amid $500M Escrow Deposit
- Crypto Currents: Strive, Semler Scientific announce bitcoin treasury merger
- CarMax downgraded, Kenvue upgraded: Wall Street’s top analyst calls
- Visa initiated with a Buy at Cleveland Research