Overview
- Visa announced the pilot on Nov. 12 at Web Summit in Lisbon, positioning the service within Visa Direct to deliver dollar‑pegged stablecoins to users’ wallets.
- Businesses fund payouts in fiat USD, the conversion happens at the point of payout, and treasury and compliance remain within existing fiat frameworks.
- Recipients must use a compatible wallet and pass KYC/AML checks, with all transactions recorded on public blockchains for transparency and auditability.
- USDC is supported at launch, the pilot is limited to select U.S. partners, and a broader rollout is targeted for 2026 subject to regulation and client demand.
- The initiative builds on a September prefunding test and is aimed at speeding cross‑border earnings for creators, freelancers, and gig workers who face payment delays.