Visa launches a pilot in the US, enabling stablecoin payouts from business accounts funded with fiat currency. Users on Visa Direct can send USDC stablecoins directly to crypto wallets. Recipients can opt for stablecoin payouts. The pilot targets international businesses and gig workers. Visa aims for wider service access by 2026.

Visa expands stablecoin offerings, adding Global Dollar, PayPal USD, and Euro Coin on Stellar and Avalanche blockchains. In September, Visa Direct piloted instant transfers with USDC and EURC for faster treasury settlement. The move follows new regulatory clarity in the US with the GENIUS Act. The global stablecoin market has surpassed $300 billion.

Stablecoin startups attract significant venture capital investments, with Telcoin, Hercle, and Arx Research receiving funding. Corporations like Citigroup and Western Union are exploring stablecoin payments. Wall Street banks like JPMorgan and Bank of America are developing their stablecoin initiatives. The creator economy embraces digital payment methods for faster access to funds.

Read more at Cointelegraph: Visa Launches Fiat-To-Stablecoin Payout Pilot