Visa Initiates Stablecoin Pilot for Faster Cross-Border Payments

Visa has initiated a process to utilize stablecoins for cross-border remittances, with a pilot program through Visa Direct. This approach aims to enhance transaction speed and reduce costs by using digital assets tied to fiat currency.

Addressing Transaction Challenges

Visa's stablecoin initiative seeks to improve international payments by eliminating the need for cash pre-deposits in local accounts.
The initiative was announced at the SWIFT International Banking Operations Seminar (SIBOS) in Frankfurt.
The move is intended to unlock liquidity and modernize treasury operations for businesses.
Visa's goal is to reduce friction, provide faster liquidity access, and offer financial institutions more flexibility in managing global payouts.
The pilot program has specific criteria and includes select partners, with plans to expand by 2026.

Stablecoins Gaining Traction

Stablecoins are becoming increasingly popular in finance, offering faster money transfers without reliance on banks.
Visa, along with Mastercard, had previously downplayed the threat of stablecoins but has since increased support for them.
In 2025, Visa expanded stablecoin integration, adding support for USDG and PayPal USD (PYUSD) through Paxos.

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