Credit card giant Visa (V) says it is testing crypto stablecoin payments with a view to making them more widely available to businesses worldwide.
Specifically, Visa is working on a new system that lets businesses send payments directly to stablecoin wallets instead of to a credit card or bank account.
Funds are delivered in U.S. dollar-backed stablecoins, such as Circle Internet's (CRCL) USDC, Visa said in a news release.
The stablecoin pilot program could speed-up payments to creators, freelancers, and gig workers who often face delays in accessing their pay, especially when working across borders.
Stablecoins are cryptocurrencies pegged to another asset, typically the U.S. dollar or price of gold.
Visa aims to expand access to money for people in countries with volatile currencies or limited banking infrastructure.
The credit card company’s stablecoin transactions are recorded on blockchains, allowing for transparency and easier recordkeeping.
“Launching stablecoin payouts is about enabling truly universal access to money in minutes — not days — for anyone, anywhere in the world,” said Visa.
Visa’s latest stablecoin pilot project pushes the payments closer to end users, potentially reshaping how global workers are paid.
The company said it plans a broader rollout of stablecoin payments in 2026 as regulatory frameworks evolve and client demand increases.
Visa’s end goal is to merge and integrate blockchain technology with its established global payment network.
V stock has gained 8% this year to trade at $338.92 U.S. per share.
