🚨NEW: Visa just moved its USDC stablecoin payments from pilot to full commercial production, with Inyo Global as its first enabler.
Businesses can now prefund cross-border payouts using USDC directly through Visa Direct, tapping into a network spanning more than 180 countries. Inyo Global's platform handles the full stack, onboarding, fraud checks, compliance, and both domestic and international payouts, through a single integration.
The real shift here is timing. Traditional cross-border payments get stuck waiting on banking hours and correspondent bank cut-offs. USDC prefunding runs 24/7, letting businesses fund international payouts in near real-time regardless of when banks are open.
Vira Platonova, Visa Direct's global head, framed it as stablecoins entering their adoption phase, calling this launch the translation of pilot programs into live, real-world implementation. Visa's Head of Crypto Labs, Cuy Sheffield, called it a milestone moment for the space.
This isn't happening in isolation either. It lands alongside Visa's broader stablecoin push, which has reportedly seen a 15x volume surge to a $20 billion run rate, alongside parallel moves from Mastercard, Circle, and other major payment players racing to build stablecoin rails into existing infrastructure.
Mainstream finance isn't experimenting with stablecoins anymore, it's quietly building them into the plumbing.
#Visa #USDC #Stablecoin #Crypto #Payments
Businesses can now prefund cross-border payouts using USDC directly through Visa Direct, tapping into a network spanning more than 180 countries. Inyo Global's platform handles the full stack, onboarding, fraud checks, compliance, and both domestic and international payouts, through a single integration.
The real shift here is timing. Traditional cross-border payments get stuck waiting on banking hours and correspondent bank cut-offs. USDC prefunding runs 24/7, letting businesses fund international payouts in near real-time regardless of when banks are open.
Vira Platonova, Visa Direct's global head, framed it as stablecoins entering their adoption phase, calling this launch the translation of pilot programs into live, real-world implementation. Visa's Head of Crypto Labs, Cuy Sheffield, called it a milestone moment for the space.
This isn't happening in isolation either. It lands alongside Visa's broader stablecoin push, which has reportedly seen a 15x volume surge to a $20 billion run rate, alongside parallel moves from Mastercard, Circle, and other major payment players racing to build stablecoin rails into existing infrastructure.
Mainstream finance isn't experimenting with stablecoins anymore, it's quietly building them into the plumbing.
#Visa #USDC #Stablecoin #Crypto #Payments