Visa Direct tests stablecoins as cash equivalent for instant transfers

Visa has launched a stablecoin pilot using USDC and EURC to enable real-time cross-border payouts, aiming to modernize treasury operations.

Visa has launched a pilot allowing banks and financial institutions to pre-fund cross-border payments using stablecoins.

Announced at SIBOS 2025, the Visa Direct stablecoin pilot enables select partners to use Circle’s USDC (USDC) and EURC (EURC) as pre-funded assets to facilitate near-instant payouts, according to a Tuesday announcement.

“Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, president of commercial and money movement solutions at Visa.

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