Visa pilots fiat-funded stablecoin payouts for US businesses

Payments giant Visa has launched a pilot in the US, allowing US dollar-pegged stablecoin payouts to be sent from business accounts funded using fiat currency, such as US dollars.

Visa announced the pilot at the Web Summit in Lisbon, Portugal, on Wednesday, which allows users of its digital payments network, Visa Direct, to send stablecoins such as USDC (USDC) directly to a crypto wallet.

The company said the pilot allows recipients to opt to receive their funds in stablecoins and US-based platforms and businesses can send payouts from their fiat currency-funded accounts “directly to users’, workers’, or employees’ stablecoin wallets.”

“Launching stablecoin payouts is about enabling truly universal access to money in minutes, not days, for anyone, anywhere in the world,” said Visa’s president of money movement solutions, Chris Newkirk.

Visa said it is in the process of onboarding “select partners,” and wider access to the service will be rolled out in 2026.

The company is initially targeting the pilot at businesses that operate internationally and those in the freelance or gig economy industry, who often depend on fast digital payments.

Visa said that its recent research found that 57% of gig workers prefer digital payment methods for faster access to funds.

The creator economy has been an early and enthusiastic adopter of digital payment technologies. Source: Visa## Visa expands stablecoin push as US regulations crystallize

Visa’s latest move builds on its growing commitment to blockchain-based settlement and payments.

In July, Visa expanded stablecoin offerings on its settlement platform by adding Global Dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC) across the Stellar and Avalanche blockchains.

Related: Crypto Biz: Wall Street giants bet on stablecoins

In September, Visa Direct began piloting instant transfers using USDC and EURC, allowing faster treasury settlement between businesses

Visa’s expansion comes as payment networks move to capitalize on new regulatory clarity in the United States following the passage of the GENIUS Act, a landmark bill establishing federal guidelines for stablecoins.

More corporations are entering the space, with banking giant Citigroup exploring stablecoin payments and Western Union planning to launch a digital asset settlement system on Solana.

Meanwhile, Wall Street banks such as JPMorgan and Bank of America are in the early stages of developing their own stablecoin initiatives.

The global stablecoin market has eclipsed $300 billion this year. Source: DefiLlamaStablecoin startups are also drawing significant venture capital, with recent deals funding companies active in the stablecoin ecosystem, such as Telcoin, Hercle and Arx Research.

Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?

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