Visa to launch a stablecoin pilot through Visa Direct for cross-border payment

At SIBOS 2025, Visa (V) announced it will launch a stablecoin prefunding pilot through Visa Direct, giving businesses a new way to move money globally. With this pilot, Visa Direct is testing stablecoins as a new funding source. The goal: reduce friction, unlock faster access to liquidity and give financial institutions more flexibility in how they manage global payouts. “Cross-border payments have been stuck in outdated systems for far too long,” said Chris Newkirk, President, Commercial & Money Movement Solutions, Visa. “Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.”