- •Visa launches stablecoin pilot for cross-border settlements, enhancing liquidity.
- •Pilot aims to cut settlement time from days to minutes.
- •Impacts on USDC and EURC could reshape digital payment systems.
Visa launched a pilot at SIBOS 2025, testing stablecoins USDC and EURC on Visa Direct to expedite cross‑border payments, targeting a limited rollout by April 2026.
This pilot could transform global payments, minimizing liquidity risks and accelerating transaction times, potentially reshaping the financial landscape by integrating blockchain technology in traditional systems.
Visa's Stablecoin Pilot Promises Faster Transactions
Visa announced a pilot project testing stablecoins for cross‑border payments, specifically utilizing USDC and EURC. The initiative, aimed at improving liquidity for businesses, reduces settlement times to minutes. Visa's decision to leverage Circle's stablecoins highlights its ongoing efforts to integrate blockchain solutions into its offerings.
Industry observers are attentive to this development, as it could increase on‑chain transactions involving USDC and EURC. While Visa has not named participating partners, the program's success could influence other financial institutions to adopt similar payment models, as highlighted in the Visa Direct Enhances Speed with Stablecoins for Business Funding.
According to Coincu's experts, the pilot project could identify pathways for regulatory updates and technology integration across major financial sectors. This effort may pave the way for broader acceptance of blockchain in traditional finance ecosystems.
USDC Holds $73.45B Market Cap as Visa Tests Pilot
Did you know? The introduction of stablecoins as bank deposit equivalents for Visa Direct reshapes the remittance landscape—a first for a major payment network, reflecting its trend toward embracing blockchain technology.
Data from CoinMarketCap reveals that USDC currently maintains a market cap of $73.45 billion and a circulating supply of 73.46 billion. The stablecoin's price hovers at $0.99996 with minimal changes over recent periods.
According to Coincu's experts, the pilot project could identify pathways for regulatory updates and technology integration across major financial sectors. This effort may pave the way for broader acceptance of blockchain in traditional finance ecosystems.