Payments company Visa has launched a pilot project in the US that allows payments in stablecoins pegged to the US dollar from business accounts funded with fiat currency.
This project will allow users of the Visa Direct digital payment network to receive and send stablecoins, such as USDC, directly to their crypto wallet.
Along with this, American platforms and companies will be able to make payments from their accounts, funded in fiat currency, “directly to stablecoin-wallets of users, employees or workers.»
«The launch of stablecoin payments means truly universal access to money in minutes, not days, for anyone, anywhere in the world,» said Chris Newkirk, Visa’s president of value mobility solutions.
Visa is currently recruiting «select partners,» with broader access to the service expected in 2026.
A recent Visa study found that 57% of gig workers prefer digital payment methods for faster access to funds.
Adoption of digital payment technology. Source: Visa
Visa’s new initiatives come amid favorable regulatory conditions in the United States, including the passage of the GENIUS Act, which established federal regulations for stablecoins.