Visa Tests Stablecoin Payouts to Speed Payments for Creators, Gig Workers

Visa is testing a system that lets businesses send payments directly to stablecoin wallets instead of to a card or bank account, the company announced Wednesday at Web Summit in Lisbon. Funds are delivered in dollar-backed stablecoins, such as Circle Internet's (CRCL) USDC, Visa said. The pilot targets creators, freelancers and gig workers who often face delays in accessing their pay, especially when working across borders. Businesses can fund the payouts in fiat currency, while recipients choose to rece ...