Why is this important
This can accelerate settlements between jurisdictions and free up capital that businesses currently hold in different currencies around the world.
What happened
- The pilot provides for the use of stablecoins to pre-finance payments through Visa Direct.
- Companies will be able to replenish accounts not with fiat currency, but with stablecoins, which minimizes liquidity blocking.
- Visa emphasizes that stablecoins will not replace existing systems, but will become their complement.
- The project partners are not yet disclosed; the pilot expansion is planned for 2026.
Context
The new project became possible in the context of the adoption of the Genius Act in the USA, which clarified the legal status of stablecoin issuers. Analysts believe this movement demonstrates the transformation of stablecoins’ role — from crypto tokens to financial infrastructure elements.
