Leading payment processor, Visa has launched a pilot program testing the usage of stablecoin for cross-border payment settlement. The firm confirmed the development on Tuesday through an official blog post.
Initially, Visa announced the initiative at the SIBOS 2025, explaining how the program will enable selected partners to use Circle’s USDC and EURC for fast transactions. The stablecoins as revealed will serve as pre-funded assets to ensure seamless payment.
In the announcement, Visa stated that the pilot program is designed for banks, fintech services, and financial institutions aiming for optimized liquidity. The company added that integration permits users to fund Visa Direct using stablecoins, which Visa now regards as cash equivalents for faster payouts.
Likewise, Visa disclosed how it will enhance treasury flows, especially during weekends and off-hours where most traditional systems are inactive. Additionally, the stablecoin pre-funding will unlock working capital and decrease exposure to currency volatility.
Furthermore, Chris Newkirk, Visa’s president of commercial and money movement solutions said existing cross-border payments are long outdated. By that, the executive emphasized on the need for new systems to ensure free flow of liquidity.
Newkirk discussed how the firm’s new stablecoins integration will lay the foundation for the instant movement of funds across the group. Also, he mentioned how it will give businesses more options on how they receive payment.
Visa in a disclosure said it has processed more than $225 million in stablecoin, indicating the increasing use of the digital asset on its platform. However, the payment processor added that only partners that match its internal policies are participating in the pilot program. Lastly, Visa registered its interest in a broader rollout by 2026.
Side notes
In a bid to strengthen its position as a leading payment merchant, Visa in October 2024 launched a platform for tokenized assets. As per a Binbits report, Visa unveiled the platform to issue and manage tokenized real-world assets.
Further, the tool supports various assets including stablecoins, CDBCs, and tokenized assets. As revealed, Visa designed the solution to be interoperable across multiple networks for banks willing to use it.
Recently, the company joined forces with RedotPay and StraitsX to redefine how users interact with digital assets for day-to-day payment. With the initiative, firm seeks to improve payment processing for businesses and individuals.
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