Visa announced a new pilot program allowing businesses to prefund cross border payments with stablecoins through its Visa Direct platform. The pilot addresses a key pain point: traditional cross border payments can take days to complete, forcing businesses to deposit funds well in advance. Stablecoin settlements that clear in minutes would allow businesses to deploy their capital more efficiently.
The pilot, unveiled at Sibos 2025, particularly targets banks, remitters and financial institutions. Recipients continue to receive payments in their local currency.
“Cross border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, president of commercial and money movement solutions at Visa. “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.”
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