Stablecoins become a mainstay, Visa launches instant international payments pilot program!

Jakarta, Pintu News – Visa Inc. recently started a pilot program that allows the use of pre-financed stablecoins for cross-border payments.

The initiative aims to speed up international transfers and reduce the need to store large amounts of cash in different countries. Through Visa Direct’s real-time payment platform, the program integrates stablecoins such as USDC and EURC from Circle Internet Group Inc.

Visa Direct and Stablecoin Integration

Visa Direct, Visa’s real-time payments platform, now supports payments to approximately 11 billion Visa cards, bank accounts, and digital wallets in 195 countries. The integration of stablecoins allows clients to fund accounts globally in real-time, avoiding delays that often occur in traditional systems, especially during weekends or holidays.

According to Mark Nelsen, Head of Product for Visa’s commercial and money movement solutions, it addresses a key challenge for clients: underfunded accounts that can delay payments to end customers. The program is designed to reduce the risk of service disruptions that may occur if withdrawal requests exceed expectations.

By using stablecoins, remittance companies, for example, no longer need to maintain pre-financed accounts in every market they operate in. This reduces financial and operational burden and improves efficiency and speed of service.

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Stablecoin Usage Expansion

Since Visa began integrating stablecoins in 2021, the use of these digital tokens has grown, especially for cross-border payments. Stablecoins, which are often tied to currencies like the US dollar, are meant to maintain a relatively stable value.

To date, Visa has handled more than $225 million in stablecoin transactions, although this is only a fraction of the total $16 trillion in payments the company will handle by fiscal year 2024.

In addition to cross-border remittances, Visa Direct is also used to pay freelancers internationally and gives crypto exchanges the ability to process withdrawals quickly. This demonstrates the gradual adoption of stablecoins in certain areas, showing great potential for further growth in the financial industry.

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Regulatory Clarity and Wider Adoption

The pilot program comes as stablecoins gain wider acceptance, especially after the United States passed the GENIUS Act, which provides clear rules for issuers.

“The GENIUS Act changed everything. It makes everything more legitimate,” says Nelsen. Before the regulatory clarity, many large institutions were hesitant.

While stablecoins have raised concerns about their impact on banks and payment networks, Visa’s program focuses on integrating them into existing systems, not replacing them. Visa is working with a number of partners on the pilot and plans to expand the program next year.

Conclusion

This Visa initiative marks an important step in the evolution of digital payments, by integrating blockchain technology through stablecoins into the existing global payment system. By reducing barriers and increasing transaction speeds, Visa is not only strengthening its position in the global market but also paving the way for further innovation in the financial industry.

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Reference

• Crypto Times. Visa Pilots Real-Time Cross-Border Payments with Stablecoins. Accessed on October 1, 2025
• Featured Image: PYMNTS