Visa ( NYSE: V ) said that it will launch a stablecoin prefunding pilot through Visa Direct to modernize cross-border payments by allowing businesses to fund transactions with stablecoins instead of traditional fiat currency. This aims to reduce the time and costs associated with cross-border payments, enabling faster access to liquidity and minimizing exposure to currency volatility. The pilot program is essentially for banks, remitters, and financial institutions that need faster, more flexible ways to manage liquidity. Businesses pre-fund Visa Direct with stablecoins instead of fiat to cover payouts and Visa ( NYSE: V ) treats those stablecoins as “money in the bank,” making funds available for payout. Currently it will be working with select partners and plans to expand the program in 2026. More on Visa Visa: The Price Isn't Right What A Weakening Economy Means For Visa Visa: I Love It Below $300, But The Pullback Is Worth Buying For Long-Term Investors Visa authorizes $500M deposit into U.S. litigation escrow account Visa pulls plug on U.S. open banking arm amid regulator uncertainty - report
