Global financial infrastructure is increasingly shifting toward blockchain-based solutions, as legacy systems struggle to keep pace with real-time demands for international payments. Visa (NYSE: V) revealed on Sept. 30 at the SIBOS 2025 conference that its Visa Direct platform is launching a pilot to allow businesses to pre-fund accounts with stablecoins instead of fiat currency. The initiative is structured to accelerate liquidity, reduce costs, and make cross-border payouts more efficient for institutions worldwide.

Chris Newkirk, president of commercial and money movement solutions at Visa, explained:

Cross-border payments have been stuck in outdated systems for far too long. 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.

Visa noted that the broader vision ties blockchain programmability to Visa’s established network scale: “By combining the scale and trust of Visa’s global network with the programmability of blockchain and by partnering with leading payment providers on prefunding use cases, Visa is helping modernize cross-border payments for businesses, financial institutions and consumers worldwide.”

The pilot program will initially be limited to selected banks, remittance firms, and financial institutions, with a planned expansion in 2026. Businesses participating will pre-fund Visa Direct with stablecoins, which Visa will treat as cash-equivalent balances, thereby eliminating the need to maintain large fiat reserves while ensuring payout coverage.

The company highlighted benefits such as faster liquidity access, greater treasury responsiveness and predictable settlement insulated from currency volatility. Although some remain cautious about stablecoins, advocates argue that they offer efficiency and scalability, positioning blockchain-based funding mechanisms as a natural evolution in the global digital economy.

Visa has actively embraced partnerships with crypto firms like Circle to integrate stablecoins into its core payment infrastructure. The primary goal is to modernize cross-border money movement and settlement, leveraging stablecoins, such as USDC and EURC, to achieve faster, more cost-effective transactions than traditional wire transfers. Visa views stablecoins as an opportunity to reinforce its own network rather than a threat, utilizing them in key areas, including stablecoin-linked cards to allow users to spend their digital asset balances at millions of merchants. In March 2020, Visa announced that it became the first major payments network to use USDC to settle a transaction over Ethereum, in a pilot with Crypto.com.

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