Visa Inc. has launched a pilot program at SIBOS 2025, allowing businesses to use stablecoins as cash equivalents in a venture involving multiple strategic partners and blockchain networks.
This initiative aims to revolutionize cross-border transactions by reducing costs and settlement times, potentially transforming the global payments landscape.
Stablecoins to Revolutionize Cross-Border Payment Costs
The initiative could significantly impact cross-border payments, potentially reducing transaction costs. This move reflects growing institutional interest in stablecoins as a means to enhance liquidity management and speed up transaction settlements globally. Financial insights suggest improved liquidity management and reduced settlement costs. Historical trends indicate an increase in stablecoin usage, with networks such as Ethereum and Solana expected to see heightened transaction activity due to this new settlement option.
“Visa is building a multi-coin and multi-chain foundation to help meet the needs of our partners worldwide.” – Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa
Visa's Continued Push for Blockchain-Based Payments
In 2023, Visa piloted stablecoin settlements with USDC on Ethereum, leading to deepened liquidity provisions. The company's continued efforts signify a robust trend towards blockchain-based payments, reflecting increasing demand for stablecoin integration. Experts highlight potential financial transformation due to blockchain adoption. Analysis shows this aligns with past Visa projects, indicating stablecoin settlement could become a critical tool in modernizing payment systems and improving transaction efficiency.
Pilot Details
Visa has launched a pilot at SIBOS 2025 to allow businesses to use stablecoins as a cash‑equivalent method through Visa Direct. This initiative involves strategic partnerships and infrastructure upgrades to settle in various dollar‑backed and euro‑backed stablecoins. Partners such as Paxos and Circle are involved in the initiative, providing infrastructure and token support. Visa's aim is to enable instant cross‑border money movement by leveraging blockchain technology, enhancing scalability and reducing costs for global transactions.