Overview
- Businesses using Visa Direct can send dollar‑pegged stablecoins like USDC to recipients’ digital wallets instead of cards or bank accounts.
- Companies fund disbursements in fiat, while recipients choose to take payment in stablecoins recorded on public blockchains for transparent recordkeeping.
- The initial rollout involves select partners and markets, with Visa emphasizing benefits for users in places with volatile currencies or limited banking access.
- Recipients must have a compatible wallet and pass KYC/AML checks before receiving stablecoin payouts.
- The pilot extends a September pre‑funding test, with Visa signaling a broader launch in 2026 contingent on regulatory progress and client demand.