Main notes
- On September 30, Visa stated that it will now allow companies to use stablecoins instead of pre -cash in local accounts.
- The pre -pilot of the initiative will be launched soon with Visa Direct.
- In the past, Visa showed tremendous support for Stablecoins and broader digital innovations.
Global Payments Company Inc. At the start of a process that allows it to benefit from stablecoins for cross -border transfers. She announced the new development on September 30, noting that the pre -pilot of the initiative will be presented soon through Visa Direct. At the heart of this axis, there are low transaction fees and transactions that come with these digital assets associated with Fiat.
Repairing slow and expensive transactions with stablecoins
Instead of pre -criticism in local accounts, Visa offers companies a new method International payments boxes With stablecoins.
During the Swift International Conservative Symposium (SIBOS), which was held in Frankfurt, Visa announced its plans to launch a pre -Stablecoin pilot through Visa Direct. It is extremely optimistic that this step will provide companies with a new approach towards transferring money worldwide.
Moreover, it has the ability to open liquidity with cabinets also updating an economy that is keen on digitization. The financial company has approved how the traditional financing scene (Trafi) was restricted through slow and costly systems that end up to link the capital in advance. To move forward, Visa believes that Stablecoin is the solution to overcome this position.
The goal is simple. It is “reducing friction, canceling access to access faster to liquidity, and giving financial institutions more flexibility in how to manage global payments.” For the pilot, Visa has set certain standards and is currently working with some of the partners they meet. However, it plans to expand the experimental program by 2026 to include more partners.
Stablecoins receive support from Visa and MasterCard
Stablecoins systematically acquires a huge traction in financial space. This has become the situation since Fintech and Crypto have started searching for faster ways to move money without relying only on banks. MOESO, Visa’s interest in Stablecoins has reached its climax recently.
Along with MasterCard executives, Visa once denied any imminent threat of encrypted currencies in Fiat-PEGID during one of their profit calls. They stated that the use of Stablecoins is still not enough or little to challenge their dominance in the market.
Immediately before the end of the first half of the year 2025, the American technology giant added this new USDG and Paypal usd (Pyusd) through partnership with Paxos. Their goal was to provide more ways to settle transactions using digital dollars.
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Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post Visa Launches Stablecoin Payments for Cross-Border Use first appeared on Investorempires.com.
