coindesk
Visa Pilots Pre-Funded Stablecoins for Cross-Border Payments
TL;DR
Visa is piloting pre-funding stablecoins for cross-border payments through Visa Direct, enabling businesses to move money across borders without the need to hold large fiat balances in advance. This move aims to reduce friction, provide faster access to liquidity, and offer financial institutions more flexibility in managing global payouts.
Summary
Visa is piloting pre-funding stablecoins for cross-border payments through Visa Direct, enabling businesses to move money across borders without the need to hold large fiat balances in advance. This move aims to reduce friction, provide faster access to liquidity, and offer financial institutions more flexibility in managing global payouts.
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