Overview
- Select businesses can pre-fund Visa Direct payouts in stablecoins and send funds directly to recipients’ compliant crypto wallets.
- BVNK supplies the real-time stablecoin transfer and settlement infrastructure, complementing Visa Direct’s roughly $1.7 trillion annual payout volume.
- Visa frames stablecoins as an additional settlement option alongside fiat rails rather than a replacement for existing payment systems.
- Visa reports an annualized stablecoin settlement run rate of about $4.5 billion, a small share of overall volume yet growing month over month.
- Regulatory uncertainty remains a key factor, as lawmakers define stablecoin standards and some U.S. banks pilot USDC settlement on Solana, including reported early adopters Cross River Bank and Lead Bank.