Visa Pilots Stablecoin Payouts on Visa Direct in BVNK Partnership

Overview

• Select business clients can pre-fund and send stablecoin payouts directly to recipients’ digital wallets through Visa Direct in initial markets.
• BVNK supplies the real-time stablecoin movement and settlement infrastructure, with reported processing volumes of more than $30 billion annually.
• Visa says the rollout will start in high-demand regions, with broader expansion contingent on market uptake and regulatory approval; specific launch markets were not disclosed.
• Visa has begun enabling U.S. banks to settle using USDC over the Solana blockchain, with early participants including Cross River Bank and Lead Bank to support faster, seven‑day settlement windows.
• Visa reported an annualized stablecoin settlement run rate above $3.5 billion as of November 2025, launched a Stablecoins Advisory Practice to guide partners on compliance and treasury needs, and its shares fell about 5% on the news.