- VISA has launched a pilot program for banks and financial institutions to use stablecoins for pre-funding cross-border payments.
- The pilot allows select partners to send near-instant global payouts using Circle’s U.S. dollar and euro stablecoins, USDC and EURC.
- Visa states the move aims to reduce the need for parked capital and streamline treasury operations for participants.
- To date, Visa has processed over $225 million in stablecoin settlement volume through its systems.
- The pilot is available to approved partners, with plans for a broader rollout in 2026.
Visa has started a pilot project that enables banks and financial services partners to pre-fund cross-border payments using stablecoins. The program, announced at SIBOS 2025, allows a limited group of partners to use Circle’s USDC (U.S. dollar stablecoin) and EURC (euro stablecoin) to help make international payouts nearly instant.
According to Visa, this approach seeks to improve the speed and efficiency of global money movement, while reducing the amount of traditional currency partners need to hold across different countries. With the integration of stablecoins, Visa treats these digital tokens as cash equivalents to support faster and more predictable treasury operations.
“Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, president of commercial and money movement solutions at Visa. “Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.” The company stated that stablecoin pre-funding can reduce exposure to currency swings and make it easier for businesses to manage liquidity, especially during weekends and non-business hours.
Visa reports it has settled approximately $225 million in stablecoin payments so far, a small fraction compared to its total annual payment volume of around $16 trillion. Currently, only approved partners who meet Visa requirements can access the program. Broader access is planned for 2026. More information is available through Visa’s official announcement.
The launch follows similar moves in the industry. Swift recently shared plans for a blockchain-based global settlement platform after collaborating with Ethereum developer ConsenSys and over 30 financial institutions. Other crypto payment startups, including RedotPay and Bastion, have also raised significant funds to support stablecoin payment infrastructure.
According to CoinMarketCap, the total market value of stablecoins now exceeds $307 billion.
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