Visa is taking a significant step towards revolutionizing cross-border payments by launching a pilot program that leverages stablecoins. According to the results published in the material, this initiative is designed to drastically cut down transaction times, making international money transfers faster and more efficient.
Visa's Pilot Program for Stablecoins
The pilot program allows banks and money transfer companies to utilize stablecoins like USDC and EURC for prefunding through Visa Direct, replacing traditional fiat currency. This innovative approach aims to reduce transaction times from several days to just minutes, providing companies with quicker access to liquidity and enhancing operational efficiency.
Future Expansion Plans
Currently, the trial phase is limited to a select group of partners, but Visa has ambitious plans to expand this initiative. By April 2026, the company intends to broaden its reach, potentially transforming the landscape of cross-border payments and setting a new standard for speed and reliability in the financial sector.
As the presale market gains momentum, particularly with projects like Tapzi attracting investor interest, it is essential to consider the broader regulatory environment that could influence these dynamics. Recently, EU finance ministers reached a consensus on limits for individual holdings of the digital euro, a development that may significantly impact market strategies and investor behavior across various digital assets. For more details on this significant update, see the full article here.
