Credit Card Giant Visa Pilots Stablecoin Payments To Simplify Global Transfers

Visa announced on Tuesday that it started testing a new system, which enables companies to finance across border payments using Stablecoins instead of pre -criticism in local accounts.

The pilot, who was enabled through the VISA Direct, reflects how digital symbols acquire traction among the main financial players.

“Payments across the border were stuck in old systems for a very long time,” Chris Newkerck, president of Commercial Solutions and Money, said in a statement.

“The new Stablecoins integration of Visa Direct sets the basis for money to move immediately around the world, giving companies more options on how to pay them.”

Confidence has grown since the United States has passed the genius law, which set clear rules for Stablecoin and removed a lot of uncertainty that kept large institutions on the margin.

The visa did not reveal the names of its experimental partners. However, it is planning to expand the program in 2026. The initiative targets banks, transfer companies and other financial institutions. These players often need to keep money with multiple operations to meet local payment requirements.

With stablecoins, Visa aims to change this. The company expects fastest and lowest capital related transactions associated with sleeping accounts all over the world.

Meanwhile, Stablecoins has grown quickly. Their rise raised fears between the organizers and banks, who are afraid that they will disrupt the current payment systems. However, the Visa approach indicates a different path. Instead of resistance, job occupants seem to merge Stablecoin bars in the current infrastructure.

Meanwhile, the president of Visa Crypto, Cuy Sheffield, expects to converge traditional payments and digital assets. Industry estimates put the Stablecoin Market by about 269 billion dollars, an increase of 62 % last year, with predictions that indicate that it may reach $ 2 trillion within three years.

The company has already processed more than $ 200 million in the size of the cummier’s cummier leveling. Its strategy places a visa as a competitor for Stablecoins, as a bridge that connects banks, Fintech companies and Blockchain networks.

The Sheffield team expanded the visa leveling capabilities. It has released partnerships with banks on the distinctive code version, and also works with Fintech companies all over the world.

In 2024, the company presented the symbolic assets platform VISA. The system allows institutions to issue and manage symbols on Blockchains. Since then, the Spanish lender BBVA referred to plans to launch Stablecoin through the platform.

Read the original payments for giant credit cards in the paid visa to simplify global transport operations by Shalini Nagraraghan on Cryptonews.com